Monday, March 20, 2023

BBVA will finance up to 95% of the cost of the most competitive electric cars on the market in Mexico

BBVA Mexico announced an alliance with SEV, a subsidiary of SolarEver, the number one company in the manufacture of solar panels in Canada, the United States and Latin America. With this agreement, the institution seeks to offer differentiated financing for the acquisition of one of the most competitive electric cars on the market.

Victor Rojas, Director of Automotive Banking at BBVA Mexico, commented: “This alliance will allow more people to be closer to sustainable mobility. We are seeing a greater presence of new brands and each of them will have a gasoline, hybrid or electric version However, it is difficult for any one brand to go 100% electric, which is why we saw that differentiator with the SEV. Currently, only 4% of the total cars for sale in the country are green (hybrid and electric ) and only 1% of the total cars financed in the market (finance companies and banks) is for the purchase of hybrid cars or electric due. For the belief that these are much more expensive than combustion. We sure now With the SEV that stigma will go away.

“Only 1% of the total number of cars financed in the market (financial institutions and banks) is for the purchase of hybrid or electric cars, due to the belief that these are much more expensive than a combustion. We are sure that now With SEV that stigma will disappear”

The manager pointed out that the banking institution offers the best rates and down payment conditions for this segment of cars (hybrid and electric), being the only one in the market to offer a down payment from 5%; and highlighted the agility and speed with which this alliance was consolidated and the benefits of offering BBVA Mexico and SEV customers a comprehensive offering that includes all available products: credit, leasing, floor plans and insurance, both For physical and legal persons.

For his part, Simone Zhao, CEO of SolarRever and SEV, reiterated: “Our company SEV is 100% Mexican and was born as a mobility response to the Mexican market. SEV, the smallest subsidiary of Grupo SolarRever, will be the brand that Will launch Electric for Everyone, proving to Mexican consumers that energy autonomy in homes and cars can be achieved starting from 2023.”

SOLAREVER’s short-term plans include the construction of an industrial warehouse in the Mexican region with an investment of 1,000 million pesos over four years, which is expected to create more than 3,000 direct jobs. In this sense, Zhao highlighted: “We have a vision of an all-electric and all-clean world; We already have a lot of investment in Mexico, but we need more, more technology and more innovation for this nation, so we can bring technology and innovation to not only manufacturing, but also to develop the country’s great young talent. are committed to. ,

Nation World News Desk
Nation World News Desk
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