BYD chooses CA Auto Bank as financial partner in Spain

The electric car manufacturer BYD, world leader in plug-in vehicles and electric batteries, and the financial operator CA Auto Bank have reached an agreement so that the subsidiary of Crédit Agricole Consumer Finance can offer personalized financing solutions for both the brand's customers as for its dealer network, as reported by BYD through a statement.

This agreement, which is already active in Spain and Italy, could also be finalized in other European countries where BYD and CA Auto Bank already operate, as announced by BYD's Spanish subsidiary.

Thanks to the agreement between BYD and CA Auto Bank, the Chinese brand's models are available in Spain with interesting financing alternatives that allow customers to choose between returning the car, keeping it or exchanging it for a new model from the BYD range in the time of termination of the contract.

Financing offers are available for all models of the current BYD range in Spain, which is made up of six different electric vehicles: Dolphin, Atto 3, Seal, Tang, Han and Seal U. In a few months the version will also be available plug-in hybrid of the BYD Seal U, called Seal U DM-i and which will have more than 100 kilometers of electric range.

BYD will expand its range at the end of the year or early 2025 with the BYD Sea Lion 07, a 4.83 meter long electric SUV with more than 500 kilometers of autonomy that has just been presented in China and is a direct rival of the Tesla Model Y.

In 2025, the BYD Seagull or Dolphin Mini electric utility vehicle will also arrive (the name for Europe has not yet been decided) and the BYD Yuan Up, a 4.3-meter 100% electric urban SUV. Both models will become the most affordable and highest volume vehicles in BYD's electric range.

"Becoming BYD's brand finance company is a recognition of CA Auto Bank's ability to adapt to the needs of the most demanding customers. Our broad offering of financing solutions and our flexibility will contribute to BYD's ambitious growth plan in our country," said the general director of CA Auto Bank in Spain, Juan Manuel Pino Dronet.

"Our collaboration is a fundamental pillar to offer our dealers and customers a competitive range of financing solutions that contribute to popularizing electric and sustainable mobility in Spain," added the general director of BYD in Spain and Portugal, Jordi Cuesta.