CA Auto Bank and BYD join forces to promote and develop the BYD brand in Spain and Italy. By becoming the financial partner of the world leader in the sector of rechargeable vehicles and electric batteries, Auto Bank confirms its strategy of promoting and democratising electric mobility.
To consolidate its position in Europe, BYD will be able to rely on its extensive dealer network, which is based on distribution agreements with major market players, such as Astara Retail, Icamotor, Quadis and Caetano. Auto Bank will work with this network to offer a full range of financing solutions for both end customers and the Chinese brand’s dealer network. The Partnership Agreement, initially active in Spain and Italy. It covers all models of the BYD range marketed in these countries.
The development ambitions of the Auto Bank and BYD are reflected in the commercial launch offers: a low interest rate, affordable monthly payments but also flexible financing solutions to allow the customer to choose, at the end of the contract, to keep the vehicle, return it or replace it with another model of the range. Auto Bank’s digital and multi-channel orientation is a major asset to make the BYD customer experience unique.
The partnership will also involve Drivalia, as the BYD models will join Carcloud, the monthly car subscription service, available to individuals, professionals and businesses and which already has more than 40,000 users.