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Wednesday, 23 September 2026
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Smart, BYD announce novated leasing partnership

Smart has teamed with BYD and DENZA to bring novated leasing information into the dealership purchase process for eligible Australian customers.

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Concept illustration for: Smart, BYD announce novated leasing partnership
AI-generated contextual editorial illustration inspired by this story. People and settings are illustrative, not a depiction of a manufacturer vehicle or the reported event. DriveAgent · AI illustration · AI-generated editorial illustrationNovated Lease Australia inks BYD finance partnershipBYD and Smart partner to make EVs more affordable ...McMillan Shakespeare expands BYD & Denza leasing links

Smart and BYD expand novated leasing access

Smart and BYD announced a strategic partnership on 24 July 2026 that is designed to make electric vehicle ownership more accessible and affordable for Australians. The agreement also covers BYD’s premium brand DENZA and places novated leasing support closer to the vehicle purchase process, including at the point of sale in BYD and DENZA dealerships. 24

Under the arrangement, eligible customers can be guided through salary packaging and novated lease information while considering a BYD or DENZA vehicle. The companies said this includes help understanding affordability, tax savings and total cost of ownership, along with access to government EV tax benefits through the Electric Car Discount for eligible buyers. 24

Scale and context

Smart said its employer network reaches more than 2.5 million Australians across government, healthcare, education, corporate and not-for-profit sectors. It also said it supports more than 580,000 salary packaging customers and manages more than 120,000 novated lease and fleet vehicles under management. 24

The partnership follows rapid growth for BYD in Australia. The company said it recorded 52,335 sales to the end of June 2026, more than double the result at the same point last year, while battery electric vehicles accounted for 23 per cent of the new vehicle market in June 2026 according to VFACTS data. 24

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  1. BYD and Smart partner to make EVs more affordable ...

    smartgroup.com.au · accessed 22 Sept 2026

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    Why these labels?BYD and Smart partner to make EVs more affordable ...

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    Cited in 4 paragraphs: Smart and BYD expand novated leasing access; Scale and context.

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  2. BYD Australia partners with Smart to boost EV affordability

    cars24.com.au · 29 July 2026 · accessed 22 Sept 2026

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    Why these labels?BYD Australia partners with Smart to boost EV affordability

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    Cars24 buys and sells used cars in Australia and states that it owns the cars it sells. Identity reference ↗Identity checked 22 Sept 2026.

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    Cited in 4 paragraphs: Smart and BYD expand novated leasing access; Scale and context.

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