Grab and BYD Enter Strategic Partnership to Expand Electric Vehicle Fleet in Southeast Asia
Singapore, January 15, 2025 - Grab, the leading super app in Southeast Asia, and BYD, the world's leading new energy vehicle manufacturer, have announced a regional partnership to expand access to up to 50,000 BYD electric vehicles (EVs) to Grab's driver-partners across Southeast Asia.
The partnership spans Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, and covers a range of models including the Denza D9, BYD Atto 3, BYD Seal and BYD M6 cars. Grab intends for Denza, the premium electric vehicle brand from BYD, to become the cornerstone of its GrabExec fleet featuring the Denza D9 luxury seven-seater electric MPVs. By integrating the Denza D9 into its fleet, Grab aims to set a new standard in executive transportation, anchored on convenience, style, and sustainability.
DENZA D9
Through this partnership, Grab and BYD look to boost the electrification of the transportation sector in Southeast Asia by providing Grab's fleet partners and driver-partners with access to BYD vehicles at the most competitive rates, with extended warranties on the EV vehicles' batteries. Drivers will have the option of renting the EVs from Grab's fleet partners or opt for financing support through Grab's car ownership schemes.
BYD and Grab will collaborate to facilitate deep IoT integration between the vehicles and Grab's platform and services. By installing the Grab driver application available in the head unit of BYD vehicles, drivers will be able to view their jobs, navigation and chats all at a glance on a larger screen, instead of having to toggle back and forth on their smartphones. Sensor and telemetry data from BYD vehicles will also be integrated directly into the Grab platform, providing real-time insights into drivers' driving patterns and behaviours, which Grab can use to give guidance to drivers on how to improve their driving behaviour.
Chuck Kim, Managing Director, Group Business Development at Grab, said, "This collaboration enables us to drive the transition to EVs forward by lowering the financial barriers that are often associated with EVs, and in the long run deliver economic benefits to our driver-partners which may include fuel cost savings."
Liu Xueliang, General Manager of BYD Asia Pacific Auto Sales Division, said, "We are excited to partner with Grab as the leading on-demand transport provider in Southeast Asia and push forward the transition to electric vehicles in the region. BYD will best integrate our technology with Grab's, and we look forward to working with them to deliver a unique and unparalleled experience for their drivers and users. We continue to be dedicated to our goal of building a zero-emission ecosystem and we are committed to supporting Grab's fleet and driver-partners. Through this collaboration, we are working together with Grab to realize the vision of cooling the earth by one degree."
This partnership is a significant step forward in promoting green transportation in Southeast Asia and is expected to have a positive impact on the region's environment and transportation industry.