BYD by JC, an authorised dealer in Singapore, has teamed up with GXS Bank to introduce a green vehicle financing programme for Grab driver-partners. This initiative aims to facilitate the transition to electric vehicles (EVs) by offering 100% Loan-to-Value (LTV) financing under the commercial private-hire car exemption scheme, subject to credit approval. With no down payment required and interest rates starting at 2.78%, the programme seeks to lower financial barriers for drivers.
The programme also includes an 8-year or 500,000km battery warranty and 20 complimentary servicing packages, making EV ownership more accessible. Drivers can select from various BYD models, such as the BYD SEAL 6 DM-i and BYD ATTO 3 EVO, to suit their needs.
As Singapore moves towards sustainable transport, private-hire vehicle drivers play a crucial role in adopting EVs. GXS Bank’s involvement ensures full financing is available, aligning with the country’s green mobility goals. Jessica Ang, CEO of BYD by JC, stated, “We empower Grab drivers with affordable and reliable green vehicles that lower daily operating costs and helps boost their earning potential.”
Lai Pei-Si, Group CEO of GXS Bank, added, “Through our partnership with BYD by JC, we are making green vehicle ownership more financially accessible for our customers and supporting their transition towards greener mobility.”
Customers can explore vehicle options at BYD Teban Gardens or BYD VivoCity and book test drives through the GXS × BYD by JC Programme platform. This collaboration marks a significant step in promoting eco-friendly transportation solutions in Singapore.
