08:41 AM EDT, 04/25/2024 (MT Newswires) -- Element Fleet Management Corp. ( ELEEF ) , a pure-play global automotive fleet manager, announced Thursday it has commenced operations in its newest location in Singapore and that it has entered into a collaboration agreement with BYD, a global new energy vehicle (NEV) manufacturer and power battery supplier.

According to a statement, Element's newly formed relationship with BYD "reinforces a shared commitment to advancing sustainable, zero-emission solutions in the fleet management industry". It, the statement said, also complements the Element-Arval Global Alliance, a nine member organization (with Arval and Element as founding members) dedicated to promoting decarbonization efforts worldwide.