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BYD signs Cooperation agreement with ETO Motors for Electric Cargo Vehicles

BYD signs Cooperation agreement with ETO Motors for Electric Cargo Vehicles

Mumbai, Nov 14 (UNI) BYD, a global pioneer in clean energy solutions, signed a Cooperation Agreement with ETO MOTORS for their Electric Cargo Vehicles

ETO Motors, the electric fleet operator pioneer in the country, on Thursday announced its plans to introduce a fleet of Electric 3W&4W Cargo vehicles further strengthen its clean mobility solution offerings.

These vehicles will be designed and manufactured with BYD’s power battery, motor, motor controllers & power trains.

Electric 3W fleet deployment will include electric-rickshaw, electric-cart, electric-auto (L5M & L5N category) and electric three-wheeler cargo, while Electric 4W cargo includes electric 4W commercial freight /cargo vehicles.



ETO motors has already placed an order for 50 number of T3’s - the 4W cargo EVs from BYD to be deployed immediately.

Over the next one year, ETO Motors is expected to deploy 4,000 electric vehicles across 20 cities to service the logistics needs to online as well brick and mortar retailers.

Increasingly, businesses are looking to reduce their carbon footprint across their supply chain and electric cargo vehicles offer them an excellent option, to be included in their sustainable practices.

Commenting on the partnership, Executive Director of BYD India Ketsu Zhang said, 'Developing and promoting a strong EV eco-system and cultivating consumer awareness and confidence to adopt clean technology is our goal in making the planet better.

'Logistics segment is one of the largest users of transportation and resultant addition to the emissions is significant, the usage is only increasing over time with improved road infrastructure and rapid urbanization and increasing consumer demand for retail products.

'Companies now have a ready solution to help them with their own sustainability goals, without having to invest into vehicle ownership,' Mr Zhang added.



Biju Mathews, Chief Executive Officer, ETO Motors said, 'ETO motors is committed to cause of clean mobility in India and is uniquely placed to seamlessly deploy the fleet of electric vehicles, be it enable clean shared & safe mobility for individuals or to transport cargo.

'First Mile, Last Mile and intracity solutions from ETO motors is made possible due to full control over the EV eco-system, related to manufacturing, EV infra and recharging and battery production tie-ups, service agreements and partnerships with several city metros and ride-share companies.

'The addition of cargo EV's in collaboration with Global clean energy Leader BYD, will help us service the sustainable supply chain logistic needs of retailers,' he added.

UNI JS RJ 1556

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