BYD and BBVA join forces for electromobility in Mexico

MEXICO - BYD partners with BBVA Mexico to promote electromobility in the country, offering financing for electric and hybrid vehicles. The alliance seeks to reduce emissions and provide competitive rates to more than 30 million customers.

The main objective of this collaboration is to support the growth and expansion of BYD Motors Mexico in the domestic market. BBVA Mexico will seek to play a key role in providing financing for customers interested in acquiring BYD's innovative electric and plug-in hybrid vehicles (PHEVs).

Jorge Vallejo, CEO of BYD Motors Mexico, has expressed the company's ambition to reach 30,000 units sold by 2024. This goal reflects confidence in the potential of the Mexican market and the growing demand for eco-friendly vehicles.

BYD, known for its unique offering of electric and plug-in hybrid vehicles, offers a wide range of models from SUVs to sedans and hatchbacks, all at competitive prices for the Mexican automotive market.

The strategic agreement between BBVA Mexico and BYD not only seeks to boost the automotive sector, but also to contribute to the reduction of carbon emissions and promote a sustainable business model.

BBVA Mexico's more than 30 million customers will benefit from highly competitive financing and down payment rates, reflecting the financial institution's commitment to its customers and the environment.

The agreement was signed by Alejandro Cárdenas Bortoni, general manager of Corporate and Government Banking at BBVA Mexico, and Jorge Vallejo, general manager of BYD Motors Mexico, along with other executives from both companies.

In addition, in line with the latest technology, BBVA Mexico's customers will be able to access simulations, applications and approvals for automotive financing through its digital platform at www.bbva.mx, in the Automotive Credit category.