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← Newsroom/EVs & hybridsChinese brands

BYD Australia partners with Smart on novated leasing

Compiled by ADME Newsroom from 1 source

First reported by AutoTalk Australia · 28 July at 12:43 pm

Who's covering this — 1 article

Industry trade
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The quick read

Full coverage

AutoTalk Australia·Industry trade·28 July at 12:43 pm

BYD Australia partners with Smart on novated leasing

BYD Australia has partnered with salary packaging and novated leasing provider Smart in a move aimed at making electric vehicle ownership more accessible.

Read at AutoTalk Australia →

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The quick read

  • BYD Australia partners with Smart on novated leasing to increase EV accessibility
  • The partnership aims to make electric vehicle ownership more accessible
  • BYD Australia's move targets the growing demand for EVs in Australia
  • The partnership is a strategic move by BYD to expand its market reach

For dealers: This partnership matters to Australian dealers as it increases competition in the EV market and provides an alternative financing option for customers

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The BYD-Smart partnership is a direct challenge to traditional dealer financing models, which have long been a key profit center for dealerships

What it means for the order bank

With novated leasing, BYD can potentially bypass traditional dealer stockholding and ordering processes, allowing for more direct control over inventory and pricing

This could lead to more competitive pricing and reduced margins for dealers, making it essential for them to review their pricing strategies and adapt to the changing market

The partnership also highlights the growing importance of EVs in the Australian market, with BYD poised to capitalize on increasing demand

Competitor response and market dynamics

Other Chinese brands, such as MG and Great Wall, may follow BYD's lead and explore similar partnerships to stay competitive in the EV market

This could lead to a surge in EV offerings and increased competition, making it crucial for dealers to differentiate their products and services

Action plan

One decisive action a dealer could take this week is to review their current financing options and consider partnering with a salary packaging or novated leasing provider to stay competitive in the EV market

Go deeper — ADME analysis

  • VFACTS May 2026: a Tesla outsells every ute, and the market keeps shifting →
  • How a Chinese brand became Australia’s #2 — BYD, Chery, GWM and the new top 10 →