June 21, 2024

Car rental business: Sixt wants to buy tens of thousands of electric cars in China

Car rental business: Sixt wants to buy tens of thousands of electric cars in China

Starting from: 10/04/2022 2:41 PM

Sixt, Germany’s largest car rental company, is entering into a collaboration with Chinese manufacturer BYD to expand its fleet. In the coming years he wants to order 100,000 electric cars there.

Sixt is investing heavily in transforming its car lineup in Europe – and has chosen the Chinese manufacturer BYD as an important partner. As a first step, the car rental company will order several thousand battery-powered vehicles from BYD, the company announced today. It should already be bookable in Europe in the coming weeks, starting with Germany, France, the Netherlands and Great Britain.

Customers will initially be able to rent an E-SUV Atto 3 from BYD. Sixt intends to purchase about 100,000 vehicles from BYD over the next six years. With the investment, the rental company wants to promote the conversion of its fleet to electric vehicles. So far, only every ten cars rented by the company from Pollach near Munich have an electric motor.

Expansion plans in Europe

Within the next eight years, the fleet will be largely converted to electric vehicles. According to its own statements, Sixt relies on a “wide range of manufacturers and models”. By 2030, 70 to 90 percent of cars should be electric.

The main demand is helping Chinese automaker BYD with its expansion plans in Europe. To date, manufacturers from China such as BYD, Xpeng, Aiways and SAIC are still little known in Germany and Europe. However, that could change in the coming months. The Chinese manufacturer Nio also wants to enter the European markets and will announce details soon.

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Hertz orders from Tesla and General Motors

Other large rental companies are also gearing their fleets towards electronic vehicles. Its US rival Hertz had already announced in January that it wanted to order 100,000 Tesla by the end of the year. A few days ago, it became known another major order from Hertz to General Motors for 175,000 electric vehicles. Tesla’s electronic cars are already on display at Avis. Sixt has also announced that it will build its own e-vehicle charging infrastructure.

BYD (“Son of Your Dreams”) started in 1995 as a manufacturer of rechargeable batteries. According to its own data, the company is now represented in more than 70 countries and regions. Sixt Vinzenz Director Pflanzen explained that BYD is currently the world’s largest manufacturer of electronic vehicles with more than one million vehicles produced from January to August 2022.