During 2022, Chinese manufacturer BYD ranked among the leaders in electric vehicle sales with more than 1.86 million passenger vehicles worldwide. This milestone was due to its solid roadmap to introduce new technology cars and a strategic expansion plan that it seeks to further consolidate.
To achieve the objectives, the brand announced a key alliance with Banco Santander, laying the groundwork to continue transcending borders in the Mexican passenger vehicle market, further promoting sustainable mobility in the market.
Thanks to this strategic cooperation, BYD is able to offer local consumers a full range of auto financing solutions.
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Benefits
BYD detailed in a press release that this partnership aims to facilitate access to all new energy vehicles to customers and non-customers of the Bank with an offer of 10% down payment and financing of up to 72 months, in addition to plans with 0% opening commission.
About the agreement, Zhou Zou, Country Manager of BYD Mexico, explained that the cooperation with Santander aims to offer first class car financing solutions, as well as reduce the financial risks of dealers to local consumers, offer services and solutions promoting the transformation towards green mobility.
For his part, Julio Ascorve Zermeño, General Director of Automotive Financing at Santander Mexico, emphasized that the agreement seeks to make it easier for customers to purchase vehicles.
“On this occasion we are pleased to go hand in hand with BYD. By financing these vehicles, we contribute to the reduction of emissions, which gives us an important advantage in line with our values of sustainability and commitment to the environment,” he said.
Highlights
BYD recorded a 155.1% year-on-year increase in new energy car sales last year. The company has been working on the electrification of urban public transportation to reduce global carbon emissions, with the aspiration of “cooling the Earth by 1°C.” With its global vision and international presence, it is well on its way to exploring world markets.
This cooperation marks a new step to increase BYD’s presence in the Latin American market.
In the future, BYD will continue to leverage its market-leading core technologies to enrich its product matrix for Mexican consumers and establish a localized sales and service system to create a better mobility experience for local consumers.
