Wetteri starts selling and servicing BYD electric cars in three locations

Wetteri Plc Investor news 15 January 2024 14.00 EET

Wetteri Plc becomes the new dealer of BYD electric cars. BYD is expanding its sales network in Finland, and Wetteri starts as a BYD reseller and service operator in Joensuu, Oulu and Rovaniemi.

With the BYD representation, Wetteri’s multi-brand selection expands to cover 38 passenger car brands and heavy equipment brands.

Aarne Simula, CEO and President, Wetteri Plc:

“We believe that BYD, the world’s largest manufacturer of rechargeable cars and a rapidly growing company, will play a significant role in Europe and here in Finland. BYD will complement our brand and model selection, and we will be able to offer an even wider range of options to our customers, who are increasingly interested in electric cars.”

Michael Place, Country Manager, BYD at RSA Finland:

“Wetteri is one of the strongest players in the Finnish automotive sector and has expanded rapidly in recent years. Our cooperation with Wetteri is a great opportunity. It will enable us to expand our offering of leading electric vehicle technology to North Karelia and northern Finland.”

According to statistics from The Finnish Information Centre of Automobile Sector, the share of plug-in hybrids and fully electric cars increased to almost 55 percent in last year’s registrations. The share of fully electric cars was approx. 34 percent and plug-in hybrids approx. 21 percent. The share of electric cars has grown fastest among company cars, where the share of first-time registrations for fully electric cars has already grown to almost 40 percent and plug-in hybrids to around 32 percent.

Additional information:

Aarne Simula, CEO and President, Wetteri Plc

Tel. +358 400 689 613, [email protected]

Wetteri Plc – An Entrepreneur-Driven Automotive Growth Company

Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars, commercial vehicles, and heavy vehicles, and produces maintenance and repair shop services for vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the company has 43 locations in Finland. The company employs around 1000 people, of whom nearly 70% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/

BYD

BYD Company Ltd is one of the largest private enterprises in China. Founded in 1995, BYD operates in four sectors: cars, electronics, energy and rail transport. BYD has expanded its renewable energy solutions globally, with operations in more than 50 countries. BYD is the only car manufacturer in the world that also manufactures batteries, microchips, battery management systems and electric motors. BYD is listed on the Hong Kong and Shenzhen stock exchanges.

RSA

RSA is a Northern European car importer and BYD’s official importer in Norway and Finland. As a privately owned company with a history dating back to 1936, RSA has developed several brands in the Nordic market over the years. RSA is one of the strongest players in the electric vehicle market in the Nordic countries.