Chinese automaker BYD and BBVA Mexico announced a strategic alliance to facilitate access to electric and plug-in hybrid vehicles in the country, both for consumers and distributors. The agreement includes preferential financial terms and consolidates a Memorandum of Understanding previously signed by both companies.
The collaboration is part of BYD’s commercial expansion strategy in Mexico, which includes strengthening its network of financial partners to promote sustainable mobility.
Among the products offered are balloon financing schemes, which allow for reduced monthly payments and a flexible final payment; customized leasing plans for individual or corporate customers; and fully digital financing options through the BBVA Mexico portal.
“This alliance with BBVA consolidates our sustainable growth strategy in Mexico. We want to facilitate access to our vehicles with smart and reliable financial solutions that reflect both brands’ commitment to the future of mobility,” said Jorge Vallejo, CEO of BYD Mexico.
In addition to financing for the public, the agreement includes benefits for BYD’s dealer network, which will have access to credit lines with preferential terms, allowing it to strengthen its commercial and after-sales service infrastructure in the country.
With this synergy, BYD will seek to leverage BBVA Mexico’s base of more than 30 million customers to expand the reach of its electric mobility solutions in the domestic market.
