BYD Auto Industry Co., Ltd (BYD) and Nexport Pty Ltd. (Nexport) signed a long term agreement on February 12th, to partner in the R&D and distribution of the next generation of BYD electric passenger vehicles in Australia and New Zealand.

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Based on this cooperation, BYD and Nexport each will make engineering and capital investment towards the R&D of the electric vehicles. It will combine the strengths of both companies to deliver the ideal products for customer needs, primarily aimed at delivering high quality electric vehicles at a price parity point to internal combustion engine vehicles. It plans to initially launch pre-sales of vehicles in the Australian and New Zealand markets in July 2021.

BYD and Nexport hold a shared vision to build healthier communities through the adaption of new energy passenger vehicles and this agreement heralds in a new era of BYD venturing outside China with their passenger car range, with a trusted strategic partner.