CA Auto Bank and BYD enter into a financial partnership in Italy and Spain
CA Auto Bank continues to make its mark as a major player in the realm of green mobility. The Bank, a subsidiary of Crédit Agricole Personal Finance & Mobility, has been selected by Asian giant BYD as its new financial partner in Italy and Spain.
- The Bank, part of the Crédit Agricole Group, and BYD, the world’s leading manufacturer of new energy vehicles (NEVs), join forces to promote the brand in Italy and Spain, through tailored financial solutions for both the dealer network and end customers.
- With this partnership, CA Auto Bank takes an important step forward in its strategy to democratize green mobility.
CA Auto Bank continues to make its mark as a major player in the realm of green mobility.
The Bank, a subsidiary of Crédit Agricole Personal Finance & Mobility, has been selected by Asian giant BYD as its new financial partner in Italy and Spain.
Through this partnership, CA Auto Bank will provide customized financing solutions to BYD’s end customers and dealer network.
This agreement is effective in Italy and Spain. The partnership covers all models in the BYD range marketed in the two countries – including BYD Atto 3, a dynamic C-segment SUV; BYD Han, an elegant E-segment sedan; the compact BYD Dolphin; and the high-end BYD Seal sedan – both through traditional financing plans and through innovative and flexible solutions. In addition, CA Auto Bank‘s digital and multi-channel approach will ensure a quick and easy purchase experience for BYD customers.
The partnership will also involve Drivalia, the CA Auto Bank Group’s rental and mobility company, as models from the BYD range will soon become part of the CarCloud family, Italy’s first monthly subscription car rental service (over 40,000 users to date), available to individuals, self-employed professionals, and businesses
“We are proud to collaborate closely with an innovative and successful brand like BYD as it makes its way to success in Europe,” said Giacomo Carelli, CEO of CA Auto Bank and Chairman of Drivalia. “This agreement further enriches our expertise, thus reinforcing our commitment to supporting a company that shares our approach to sustainability and innovation. This represents a significant step toward becoming the premier Bank for sustainable mobility“.
“We are very pleased with this alliance, which we believe will be mutually beneficial“, added Marcella Merli, Country Manager of CA Auto Bank in Italy. “Becoming BYD’s financial partner is an acknowledgement of the Bank’s ability to adapt to the most diverse customer needs. Our range of financial solutions and our flexibility will contribute to BYD’s ambitious growth plan in Italy“.
CA Auto Bank and BYD share a common mission to advance sustainable mobility through zero- and low-emission vehicles. Through this agreement, CA Auto Bank reaffirms its dedication to democratizing the use of electric vehicles and progressing towards its objective of becoming the trusted partner of leading brands in the mobility sector.
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