On May 20, 2025, BYD and China Auto Rental cemented their alliance with the signing of a strategic cooperation agreement at BYD's global headquarters in Shenzhen. Key executives from both entities, notably BYD Group's Chairman and CEO, Wang Chuanfu, and China Auto Rental's Chairman, Yu Hongfei, graced the occasion. The agreement underscores a commitment to deepening collaborative efforts on the vehicle procurement strategy for the 2025 summer season, thereby jointly advancing sustainability in green travel and the car rental industry. This milestone signifies a significant escalation from their initial collaboration in April.

Building on the positive reception of the initial batch of BYD Qin PLUS DM-i and FANGCHENGBAO BAO8 models procured by China Auto Rental during the May Day holiday, the latter intends to broaden its procurement scope during the summer vacation. This expansion aims to cater to the diverse travel demands during the peak tourism period. Additionally, the two parties will embark on a comprehensive collaboration encompassing vehicle operations, marketing strategies, connected vehicle technology, used car business, and market services. Together, they aspire to set a new standard for green travel.