DLL partners with BYD Europe on eMobility financing

DLL, a global asset finance company focused on equipment and technology, has entered into a partnership with BYD Europe to provide financing for electric trucks and buses across multiple European markets, the companies said on Monday.

Under the agreement, DLL will act as BYD’s strategic financing partner as the Chinese electric vehicle manufacturer expands its commercial vehicle operations in Europe. The partnership will initially launch in the Netherlands, Germany, Italy, Spain, France, Portugal, Ireland, Poland and the United Kingdom, with plans to extend financing support to additional European countries over time.

The deal comes as European governments and transport operators accelerate efforts to decarbonize public transport and commercial vehicle fleets, driven by tightening emissions standards and climate targets. Access to financing has been cited by fleet operators as a key factor in the pace of adoption of electric vehicles, which typically carry higher upfront costs than diesel alternatives.

“This partnership with BYD represents a major step forward in our eMobility strategy,” said Mike Kinka, president of DLL’s Construction, Transportation and Industrial business. “By becoming BYD’s preferred funder for trucks, buses, and forklift trucks, we are helping accelerate the adoption of sustainable transport solutions across Europe, pro-actively supporting the transition to reduced emissions fleets.”

BYD is a major supplier of electric buses in Europe, where it operates manufacturing facilities and has supplied or received orders for more than 8,000 electric buses across over 160 cities in 26 countries. The company is now rolling out its electric truck range in the region, using a mix of direct sales and dealer-based distribution.

“Electric buses and trucks are a key element of BYD’s unique, multi-faceted push towards electric mobility in Europe,” said Stella Li, Executive Vice President of BYD.

“Partnering with DLL will ensure our customers have access to flexible financing options, making the shift to lower-emission fleets easier and more affordable. This collaboration reinforces our long-term commitment to supporting Europe’s green transformation, especially in the public transport and commercial vehicle sectors.”

As part of its European build-out, BYD has also invested in after-sales infrastructure, including the opening of a battery service and repair centre in the United Kingdom. The facility currently focuses on electric bus batteries but is designed to support both commercial and passenger electric vehicles.

DLL said it has already financed BYD buses and trucks over the past year and will now offer a broader range of products, including operational leases, financial leases and loans, to BYD’s commercial vehicle customers.