CFAO Mobility Kenya, through its leasing and mobility brand Loxea, has entered into a strategic partnership with NCBA Bank to roll out financing for BYD electric vehicles (EVs), introducing a first-of-its-kind solution in the local market.
The announcement coincided with the unveiling of the BYD Shark 6, Kenya’s first plug-in hybrid electric vehicle (PHEV) double-cabin pickup. The model blends off-road ruggedness with next-generation hybrid technology, combining a 1.5-litre petrol engine and a dual-motor electric system on BYD’s DMO (Dual-Motor Off-road) platform.
A New Era for the Pickup Segment
The Shark 6 delivers a 650km range on a full charge and tank, 8-year/200,000km battery warranty, and fuel consumption of just 2.0 litres per 100km when fully charged. It promises SUV-level comfort, supercar-like acceleration, and reduced emissions, positioning itself as an eco-conscious yet powerful alternative for Kenyan buyers.
CFAO Mobility said the new pickup represents a “future-proof investment” for businesses and individuals seeking efficiency without sacrificing reliability.
Financing Options to Ease Adoption
Under the partnership, NCBA will provide up to 90% financing on the Shark 6, with repayment periods extending up to 60 months (five years). This addresses one of the biggest hurdles for buyers of EVs and hybrids: access to affordable financing.
Jennifer Kinyoe, Managing Director of Loxea, emphasized the strategic importance of the launch:
“This is about shaping the future of mobility in Kenya. With NCBA’s support, we are making sustainable vehicles like the Shark 6 more accessible. To celebrate, the first five customers will access the pickup at a special introductory price of KSh 10.7 million.”
NCBA’s Group Director of Asset Finance & Business Solutions, Lennox Mugambi, added:
“We are proud to be the first bank in Kenya to sign an MoU financing electric vehicles. The BYD Shark 6 is not just another car — it represents a pathway to a more sustainable transport ecosystem.”
BYD’s Global Footprint
BYD, a global leader in new energy vehicles (NEVs), has built its brand on battery innovation and market leadership across key regions such as Europe, Brazil, and Thailand. Its diverse business model spans electronics, automotive, energy, and rail transit.
With this launch, CFAO Mobility Kenya, BYD, and NCBA aim to position the Kenyan pickup segment for a transformative shift — combining rugged utility with sustainability. The Shark 6 marks a turning point in how Kenyans approach vehicle ownership, and could pave the way for wider adoption of EV and hybrid solutions across the region.
