BYD By Loxea And NCBA Announce Partnership To Power Kenya’s Electric Vehicle Future

CFAO Mobility Kenya, through its leasing and mobility solutions arm Loxea, and NCBA Bank have today announced a strategic partnership to finance BYD electric vehicles, marking a first in the Kenyan market.

The collaboration was unveiled alongside the launch of the BYD Shark 6, Kenya’s First PHEV double-cabin pick-up, that blends rugged off-road performance with advanced hybrid technology, efficiency, and comfort.

The BYD Shark 6(PHEV) is built on the revolutionary DMO (Dual-Motor Off-road) platform, blending the rugged durability and off-road power of a traditional pickup with the efficiency, advanced technology, and environmental responsibility of a next-generation hybrid. This 1.5L Petrol engine pickup represents a new era not of compromise, giving you up to 650km range, 8-year warranty/ 200,000kms on the battery, as well as massive fuel saving, 2.0L for every 100kms when fully charged.

Some of its features include offering supercar-like acceleration and power while dramatically reducing fuel consumption and emissions. It combines state-of-the-art technology with SUV-level comfort, redefining expectations in the pickup segment. With its eco-friendly plug-in hybrid system, the Shark 6 appeals to environmentally conscious buyers while retaining the flexibility of a petrol engine for long journeys. More than just a pickup, it represents a future-proof investment, a bold and forward-looking choice for customers who want to stay ahead of the curve.

Speaking at the launch, Loxea Managing Director, Jennifer Kinyoe, said: “The launch of the BYD Shark 6 in Kenya is a statement of our leadership in delivering innovative, sustainable mobility solutions. Through our partnership with NCBA, we are not only making the Shark accessible but also reinforcing BYD by Loxea as the market leader and giving the first 5 customers a special introductory price of KSh 10.7million. This is about more than vehicles, it’s about shaping the future of mobility in Kenya.”

The financing framework will allow customers to access up to 90% financing of the vehicle’s value, with a flexible repayment period of up to 60 months (5 years). This addresses a key barrier for customers who have been asking for easier access to financing options for electric and plug-in hybrid vehicles.

NCBA Group Director of Asset Finance & Business Solutions, Lennox Mugambi, noted: “We are proud to be the first bank in Kenya to sign an MoU financing electric vehicles. 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 vehicle to deliver long-term progress for both businesses and individuals alike.”

Globally, BYD has built its reputation as a leader in new energy, driven by its unmatched expertise in battery technology, consistent NEV market leadership, and presence across major markets including Brazil, Europe, and Thailand. Its diversified portfolio spanning electronics, automotive, new energy, and rail transit reflects its adaptability and innovation.

The BYD Shark 6 launch in Kenya, powered by this strategic partnership with NCBA, reaffirms CFAO Mobility’s vision to become the preferred mobility solutions provider and signals a bold step forward in redefining what pickups can deliver for Kenyan customers.

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