Chinese new-energy vehicle and technology company BYD and financial services provider Absa have launched BYD Finance with the aim of making new-energy mobility more accessible locally.
Building on the relationship first established in 2025, Absa will continue to provide vehicle finance and broader banking solutions to support BYD’s dealer network and customers in South Africa, including wholesale finance for dealerships, vehicle finance for customers, insurance solutions and other value-added services.
During the launch on July 9, BYD Auto South Africa MD Steve Chang explained that the partnership combined BYD’s global new-energy leadership, advanced technology, product innovation and manufacturing strength with Absa’s financial expertise.
He explained that BYD Finance brought together offers that spoke to affordability, flexibility, confidence and long-term ownership.
“The challenge is no longer only about whether the vehicles are ready, the challenge is whether the ownership ecosystem is ready. That is why this partnership matters,” he said.
