CFAO Mobility Kenya, through its leasing and mobility arm Loxea, has teamed up with NCBA Bank to roll out a financing package for BYD electric vehicles, opening a new chapter for Kenya’s EV market.
The partnership was unveiled during the launch of the BYD Shark 6, the country’s first plug-in hybrid electric double-cabin pickup.
The model blends the toughness of a traditional pickup with advanced hybrid technology, offering both off-road performance and eco-friendly efficiency.
Built on BYD’s Dual-Motor Off-road (DMO) platform, the Shark 6 runs on a 1.5-litre petrol engine paired with electric power, delivering up to 650km in range.
Buyers will benefit from an 8-year or 200,000km battery warranty and impressive fuel savings, averaging just 2 litres per 100km when fully charged.
Despite its green credentials, the pickup still boasts powerful acceleration and SUV-level comfort, appealing to drivers who want performance without compromise.
Speaking at the launch, Jennifer Kinyoe, Managing Director of Loxea, said the vehicle’s entry into Kenya signals more than just innovation.
“The launch of the BYD Shark 6 in Kenya is a statement of our leadership in delivering sustainable mobility solutions. Together with NCBA, we’re making the Shark more accessible and positioning BYD by Loxea at the forefront of this transition,” she said, noting that the first five customers will enjoy a special introductory price of KSh 10.7 million.
Through the new financing plan, NCBA will offer customers up to 90% financing with flexible repayment terms of up to five years addressing a key barrier for many prospective EV buyers.
Lennox Mugambi, NCBA Group Director of Asset Finance & Business Solutions, said the partnership reflects the bank’s commitment to sustainability.
“We are proud to be the first bank in Kenya to sign an MoU to finance electric vehicles. This partnership is not just about financing cars but creating real pathways to a sustainable future,” he said.
Globally, BYD has positioned itself as a leader in new energy vehicles, backed by expertise in battery technology and a strong presence in markets such as Brazil, Europe, and Thailand.
For CFAO Mobility Kenya, the partnership marks another milestone in its ambition to become the go-to mobility solutions provider, while redefining expectations in Kenya’s pickup segment.
