Grab and BYD Forge Strategic Partnership to Expand Electric Vehicle Fleet Across Southeast Asia

• Partnership provides drivers with diverse vehicle options through fleet partners
  

Grab, a leading superapp in Southeast Asia, has partnered with BYD to expand access to up to 50,000 electric vehicles (EVs) for Grab’s driver-partners across the region, aiming to increase the availability of green vehicles to users. The partnership addresses the high upfront costs of EV adoption by offering driver-partners competitive rates and extended warranties on BYD vehicles. Grab’s fleet partners will also provide rental options, or driver-partners can opt for financing support through Grab’s car ownership schemes. In countries like Singapore and Thailand, users can select an “Eco-Friendly Ride” option to prioritize green vehicles without additional fees.

BYD and Grab’s partnership focuses on the shared goal of accelerating the transition to zero-emission transportation. Mr. Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division, expressed excitement about integrating BYD’s technology with Grab’s platform, emphasizing the companies’ dedication to building a zero-emission ecosystem. Liu highlighted the collaboration’s potential to help cool the earth by one degree, underscoring the long-term sustainability goals of both organizations.

The collaboration will include deep technology integration to enhance the overall experience for both drivers and users. By embedding the Grab driver app in BYD vehicle head units, drivers can access navigation, job updates, and chats on a larger screen. Real-time data from BYD vehicles, such as wiper signals and speed, will improve Grab’s ability to assess weather and traffic conditions, optimize routes, and improve estimated time of arrival (ETA) accuracy. This integration also aims to improve driver safety and performance through direct feedback.

The partnership spans several Southeast Asian countries, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, with a variety of BYD models available. Grab plans to incorporate DENZA, BYD’s premium EV brand, into its GrabExec fleet, offering luxury transportation with the DENZA D9 electric MPV. This move is part of Grab’s broader effort to set a new standard in executive transportation, prioritizing sustainability, comfort, and convenience.

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About BYD

BYD (Build Your Dreams) is a multinational high-tech company that leverages technological innovations for a better life. BYD now has four industries: Auto, Electronics, New Energy, and Rail. Since its foundation in 1995, the company quickly developed solid expertise in rechargeable batteries and became a relentless advocate of sustainable development for 30 years with wide recognition from the international community.

BYD’s new energy vehicles have entered markets of countries with famous automobile brands, with operating footprints covering six continents, more than 90 countries and regions, and more than 400 cities. BYD shoulders the responsibility and mission of the time, firmly embraces the wave of automobile electrification, establishes itself as the leader of new energy vehicles in China and the world, paving a green innovation and development road.

More information on the company can be found at http://www.byd.com

About Grab

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 700 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.