NCBA Bank and CFAO Mobility Kenya’s leasing arm, Loxea, have announced a partnership to finance BYD electric vehicles, starting with the launch of the BYD Shark 6, Kenya’s first plug-in hybrid pickup.
The Shark 6 is built on BYD’s DMO (Dual-Motor Off-road) platform. It combines the rugged durability of a pickup with next-generation hybrid efficiency. It features a 1.5L petrol engine paired with electric motors, delivering up to 650km of range and consumes as little as 2.0 litres per 100km when fully charged. The battery comes with an 8-year/200,000km warranty.
Loxea’s Managing Director, Jennifer Kinyoe, called the launch “a statement of leadership in delivering innovative, sustainable mobility solutions.” She added that the first five customers would access a special launch price of KSh 10.7 million.
Through the NCBA partnership, customers can finance up to 90% of the vehicle’s value with repayment terms of up to five years. This makes the Shark 6 more accessible to individuals and businesses seeking to embrace hybrid mobility.
NCBA Group Director of Asset Finance & Business Solutions, Lennox Mugambi, noted: “Our collaboration with Loxea is not just about financing cars but about creating pathways for a sustainable future with the BYD Shark 6 as a front-runner.”The move deepens NCBA’s sustainability agenda under its #ChangeTheStory initiative, which includes pledges to mobilize KSh 30 billion for green financing and plant 10 million trees by 2030. It also expands CFAO Mobility’s growing BYD portfolio, which already includes the Dolphin, Seal and Atto 3 electric vehicles launched in 2024.
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