Bank of Ireland Finance has been announced as the exclusive finance partner of the high-tech, all-electric motor franchise XPeng. XPeng, established in China in 2014, delivered close to 300,000 vehicles globally in 2024, and on its first entry to the Irish market will be exclusively distributed by Motor Distributors Limited (MDL) through their MSL dealership in Deansgrange, Co. Dublin.
Bank of Ireland Finance’s partnership with this innovative car brand will initially see the XPeng G6 on sale in MSL garages, a smart coupe SUV including 800-volt supercharging and a 550-kilometre driving range.
The launch of the XPeng G6 in Ireland comes during a growth phase for electric vehicles, with over 11,300 new electric cars registered to date in 2025. This is a 25% increase compared to the same period in 2024 and corresponds with improvements in key EV infrastructure such as charging stations.
The new XPeng partnership also comes at a time when Bank of Ireland continues to make sustained progress across its Environmental, Social and Governance (ESG) pillars. XPeng’s entry into the Irish market provides EV consumers with more choice, value and range as the Government promotes its target of having 945,000 electric vehicles on our roads by 2030.
Speaking at the formal launch of the XPeng partnership Derek Kavanagh, Head of Motor Finance at Bank of Ireland said: “Bank of Ireland Finance is delighted to become the exclusive finance partner for the new XPeng G6. 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.”
