Bank of Ireland Finance partners with electric vehicle brand XPeng.
Bank of Ireland Finance has been confirmed as the exclusive finance partner for XPeng, the all-electric motor franchise from China as the brand drives into the Irish market.
The partnership comes as electric vehicle registrations in Ireland have increased by 25% so far in 2025, with over 11,300 new electric cars registered to date.
“The growth in EV financing levels continues apace, spiking by close to 190% year-on-year in the first quarter of 2025, due to more choice for consumers and better value in the market”
XPeng, established in 2014, delivered nearly 300,000 vehicles globally in 2024. In Ireland, the brand will be exclusively distributed by Motor Distributors Limited (MDL) through their MSL dealership in Deansgrange, Co. Dublin.
The initial offering will be the XPeng G6, a smart coupe SUV featuring 800-volt supercharging capability and a 550-kilometre driving range.
Growth in EV sales
“Bank of Ireland Finance is delighted to become the exclusive finance partner for the new XPeng G6,” said Derek Kavanagh, head of Motor Finance at Bank of Ireland.
“The growth in EV financing levels continues apace, spiking by close to 190% year-on-year in the first quarter of 2025, due to more choice for consumers and better value in the market.
“XPeng is arriving in Ireland at an exciting time for the electric vehicle industry, and Bank of Ireland Finance has a range of options available as we continue to support our customers in making the green transition.”
The growth in EV sales corresponds with improvements in key EV infrastructure across Ireland, including more charging stations.
This development aligns with Bank of Ireland’s ongoing progress across its Environmental, Social and Governance (ESG) initiatives and supports the Irish Government’s target of having 945,000 electric vehicles on the roads by 2030.
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