Business
Industry observers highlight BYD’s potential in Sri Lanka’s evolving EV market
In the dynamic landscape of the global automotive industry, BYD has emerged as a true pioneer, leading the charge in electric vehicle (EV) technology. This Chinese – based company has not only transformed the way we perceive transportation but also forged stronger bonds between nations, particularly the one between Sri Lanka and China. Sri Lanka has long been a friendly partner of China, and the introduction of BYD cars into Sri Lanka is yet another shining example of this enduring relationship.
As one of the first countries to embrace BYD, Sri Lanka has shown great foresight in recognizing the potential of BYD’s innovative offerings to revolutionize its transportation system. What makes BYD cars truly remarkable is their cutting – edge technology. BYD has invested heavily in R&D, and this commitment has resulted in numerous patents and breakthroughs. Their battery technology, for instance, is second – to – none. The lithium – iron – phosphate batteries used in BYD cars are not only highly efficient but also much safer than some of their counterparts in the market. This advanced battery technology ensures longer driving ranges, reducing the so – called “range anxiety” that many EV drivers worry about. In terms of performance, BYD cars can easily compete with traditional gasoline – powered vehicles. Their acceleration is smooth and rapid, providing a thrilling driving experience. Moreover, the quiet and comfortable ride quality makes every journey a pleasant one.
These cars are also equipped with the latest safety features, such as automatic emergency braking, lane – keeping assist, and adaptive cruise control, which significantly enhance the safety of drivers and passengers. But the benefits of BYD cars extend far beyond just the driving experience. In a world increasingly concerned about the environment, BYD’s electric vehicles offer a clean and sustainable transportation solution. By choosing BYD, Sri Lanka is taking a significant step towards reducing its carbon footprint and combating air pollution. This is not only good for the health of the Sri Lankan people but also for the long – term sustainability of the country. From an economic perspective, the introduction of BYD cars can have a positive impact on Sri Lanka. The EV industry has the potential to create new job opportunities, from manufacturing and maintenance to sales and marketing. Additionally, as more people switch to electric cars, there will be a reduced demand for imported gasoline, which can help save foreign exchange.
This, in turn, can be reinvested in other sectors of the economy, driving overall growth and development. BYD’s success in the global market is a testament to its dedication to quality, innovation, and customer satisfaction. And by bringing these exceptional cars to Sri Lanka, China is once again demonstrating its friendship and cooperation with the island nation. This partnership is not just about business; it’s about building a better future together, one where sustainable transportation is accessible, and the environment and economy can thrive side by side. As Sri Lanka continues to embrace the future of mobility with BYD cars, it is paving the way for a more modern, efficient, and environmentally friendly transportation system. It is a win – win situation for both Sri Lanka and China, and a shining example of what can be achieved through strong bilateral relations and collaboration.
Business
AAC looks towards a future of vertical mobility in Sri Lanka
The Automobile Association of Ceylon (AAC) is looking beyond the traditional boundaries of mobility and road safety toward the future of mobility through sustainable developments in vertical mobility applications under the global guidance of the Fédération Internationale de l’Automobile (FIA).
AAC President Mr. Dhammika Attygalle believes AAC has the potential to contribute sustainable and proven systems, regulatory understanding, and international mobility frameworks toward developing Sri Lanka’s future mobility landscape while supporting the country’s broader economic development.
Representing Sri Lanka at the recent FIA Regional Drone and Vertical Mobility initiative held in Nepal was AAC Executive Committee Board Member Indula Sumithraarachchi, who participated alongside regional delegates and international mobility experts discussing the applications of vertical mobility systems and evolving regulatory frameworks covering mobility integration, safety, aviation and legal regulations.
“As mobility technologies evolve globally, we see vertical mobility as a natural extension of future mobility ecosystems. We believe vertical mobility is connected to sustainable areas not limited to future urban mobility, transport and logistics, infrastructure integration, safety frameworks, disaster and emergency response, and environmental efficiency,” he stated.
Drones are already being commercially utilized in Sri Lanka for dronegraphy (photography and videography using drones), agriculture, surveying and mapping, events, and marketing. However, it is important that greater attention is given toward safety standards, operational protocols, and aviation regulations, licensing, approvals and career professionalism as drone pilots within Sri Lanka in order to make these technologies safer and more accessible to the public.
International mobility experts increasingly recognize drones as part of a wider vertical mobility ecosystem operating alongside aviation and respective local regulatory frameworks. Experts explain that drone systems are helping countries establish regulatory structures, safety standards, technical expertise, aerial management systems, and operational frameworks that may eventually support broader future mobility technologies.
For AAC, the relationship between drones and vertical mobility represents a wider future mobility framework involving how people, services, safety, infrastructure, information, and transport systems may operate in more connected, intelligent, and efficient ways beyond conventional road-based transportation.
For decades, AAC has played an important role in Sri Lanka’s mobility sector through road safety advocacy, motoring assistance, tourism support services, driver awareness initiatives, and public mobility education. The association has continuously contributed toward improving safe mobility practices for Sri Lankan road users and motorists.
AAC now aims to position Sri Lanka within these evolving international mobility conversations while ensuring that future mobility development remains safe, responsible, and aligned with international standards.
The association also believes collaboration between regulators, aviation authorities, educational institutions, private sector innovators, and international mobility organizations will become increasingly important as future mobility ecosystems continue to develop globally.
Through FIA-supported international engagement and regional collaboration, AAC hopes to contribute toward building awareness and understanding of future mobility opportunities while ensuring Sri Lanka remains connected to emerging global transportation developments.
As mobility increasingly moves toward smarter, interconnected, and technology-driven systems worldwide, AAC’s initiatives into vertical mobility reflect its broader vision of supporting safe, progressive, and future-ready mobility solutions for Sri Lanka and future generations.
Business
Vietjet Air announces Colombo – Ho Chi Minh City route
Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and senior officials from both countries.
This is the airline’s first direct service between Sri Lanka and Vietnam, supporting the airline’s international expansion while contributing to stronger economic, trade, tourism, and people-to-people ties between the two nations.
The Colombo – Ho Chi Minh City route is expected to commence in August 2026 with four round-trip flights per week. Travelers from Colombo will soon enjoy affordable fares and seamless connectivity to Vietnam’s leading tourism and business hubs, along with convenient access through Vietjet’s extensive international flight network to major destinations across the Asia-Pacific region, including Australia, Japan, South Korea, China, and beyond.
Business
SDB bank and Hayleys Mobility forge strategic partnership to advance sustainable mobility and private vehicle leasing
SDB bank has entered into a strategic partnership with Hayleys Mobility Limited through the signing of a Memorandum of Understanding, reinforcing the bank’s commitment to expanding access to structured mobility financing while advancing its broader sustainability banking agenda. The collaboration brings together two established institutions to support customers seeking leasing solutions for private vehicles, with a notable emphasis on electric vehicles as part of a more future-focused approach to transportation.
The MoU was signed recently at the Hayleys Mobility office in Union Place, in the presence of senior representatives from both organizations. Representing SDB bank Kapila Ariyaratne, Executive Director and Chief Executive Officer, Manoj Akmeemana, Deputy Chief Executive Officer, Chitral De Silva, Chief Business Officer, Lahiru Ekanayake, Head of Leasing and Tharanga De Silva Chief Manager, Business Banking were participated. Hayleys Mobility Limited was represented by Managing Director Hasith Prematillake, Director Roshani Dharmaratne, Mr. Panduka Rathnayake – General Manager Finance, and Mr. Suraj Chularathne – Assistant General Manager.
The partnership is designed to expand access to private and sustainable leasing solutions across Sri Lanka, while also responding to growing interest in cleaner and more responsible mobility choices. By placing special focus on electric vehicle leasing, the initiative reflects SDB bank’s recognition of changing customer preferences and the importance of supporting more sustainable transport options through accessible financing.
In addition to supporting conventional private vehicle financing, the collaboration enables customers to benefit from a more integrated experience that brings together vehicle selection and financing under a single proposition. Through the combined reach of SDB bank and Hayleys Mobility, the partnership is expected to improve accessibility and convenience for customers across the country, including professionals, self-employed individuals, business owners and other private vehicle buyers looking for reliable, structured leasing solutions.
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