Octopus Energy and Omoda unlock electric driving for UK drivers

• Octopus signs deal to offer EV bonanza to new Omoda drivers, including specialist tariffs, roaming app, home chargers and leasing
• Drivers can save a hefty £500 a year on charging costs using Octopus tariffs
• Octopus’ EV arm named Omoda’s preferred leasing partner in the UK

London, 16th April - Octopus Energy Group and Omoda launch first-of-its-kind offering for electric vehicle (EV) drivers in the UK.

Octopus has become the UK’s go-to energy company for all things EV – offering specialist tariffs, home charging installations, charging roaming service and various leasing options.

The EV pioneer from China is the first car manufacturer to partner with Octopus across its entire EV repertoire – providing new Omoda drivers full access to Octopus’ EV offering.

Drivers will be able to save more than £500 a year on fuel costs compared to a standard tariff by charging on ‘Intelligent Octopus Go’ – the UK’s cheapest and most popular EV tariff*.

Customers on the tariff just have to set the time they want their car charged in their app, and Octopus’ ‘Kraken’ technology takes care of the rest – automatically optimising the charging schedule when it’s cheapest for customers and best for the grid.

Drivers who don’t have a home charger yet can get one installed by Octopus. Last year alone, the energy tech group installed more than 20,000 electric car chargers in UK homes.

New Omodo drivers also benefit from Octopus’ EV roaming service, Octopus Electroverse. The revolutionary ‘one card, one app’ model gives customers access to over 650,000 chargers across Europe, with all charges appearing on a single bill.

It comes as Omoda names Octopus Electric Vehicles as its preferred EV leasing partner in the UK. Octopus has grown to become the UK’s largest EV-only leasing business, with more than 15,000 cars in its fleet and over 85 models to choose from.

Omoda, which is part of China’s largest car maker Chery, recently expanded into the UK with the launch of the Omoda 5 SUV. It is already working with 60 retail and aftersales partners, with plans to expand to 100 locations across the country by the end of the year.

Fiona Howarth, CEO of Octopus Electric Vehicles, commented: "We’ve entered the most exciting time for the UK electric car market, with new tech-enabled, green cars hitting our roads every month – offering drivers more choice, at a range of prices, mileage options and specs. Omoda has big plans for the UK and we’re delighted to partner with them across our entire Group, helping drivers make the switch as easy and cheap as possible.”

Victor Zhang, Executive Vice President of OMODA UK, commented: "As a new name to the UK we know we have to earn the trust of British car buyers. Octopus is an industry-leading and well-respected company, partnering with them is a key element in making sure we can offer our EV customers the very best experience in an important area of their ownership.. With Octopus Electric Vehicles we have one of the best platforms to introduce new buyers to our EV models "

-ENDS-

Notes to editors

* Based on 10,000 miles (Octopus Electric Vehicles’ most popular lease term). Intelligent Octopus Go rate of 7.5 p/kWh vs 24.49 p/kWh on Flexible Octopus, with the assumption of 0.315 kWh/mile.

Media contacts

Octopus Energy Press office

press@octoenergy.com

+44 2045308369

About Octopus Energy Group

Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.7 million households globally.

Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects – one of Europe’s largest.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy.

Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.

For more information, check out our website.

About Octopus Electric Vehicles

Octopus Electric Vehicles, part of the Octopus Energy Group, was launched in 2018 to make it easy for drivers to make that switch to clean, electric transport. With over 85 electric cars now available from 28 different brands, Octopus Electric Vehicles’ team provides everything drivers need to take the road in a new EV.

Offering an all-in-one service, Octopus lease the cars, install charge points, provide specialist EV energy tariffs, and offer access to over 600,000 public charge points across Europe via Octopus Electroverse All with a 5* rating on Trustpilot.

Octopus Electric Vehicles also specialises in salary sacrifice schemes - an employee benefit that makes driving a brand new electric car cheaper than the petrol or diesel equivalent through tax savings. Placing customer experience first, Octopus Electric Vehicles has designed the scheme to be simple for an employer to set up and run, and support them at every step. Drivers typically save between 30-40% every month on the cost of their EV; and at zero-cost for an employer to set up, it’s great for their team, their hiring and retention, and for their sustainability goals.

More information can be found at www.octopusev.com

About Omoda

Chery Automobile Co., Ltd was founded in 1997 and in 2023 saw one million export sales plus two million domestic sales. Chery has successfully created several sub-brands with cumulative global sales of more than 10 million units. In the UK and Europe, sales will be led by OMODA which has a focus on futuristic compact SUVs. OMODA is committed to design, technology and environmental responsibility, values embodied in their first model to arrive in the UK – the OMODA 5. This model, the first in a series due to be introduced to the UK, has already sold over 130,000 units internationally.

For more information, visit our LinkedIn page: https://www.linkedin.com/company/omoda-uk/