BNP Paribas Personal Finance UK and Arval UK Win Tender to Support Chinese Car Brands Omoda and Jaecoo’s Expansion into UK Market
The automotive industry is constantly evolving, with new players entering the market and disrupting the status quo. One such example is the collaboration between BNP Paribas Personal Finance UK, Arval UK, and Chery International’s Omoda and Jaecoo brands.
Chery International, the largest automotive exporter in China, has chosen BNP Paribas Personal Finance UK and Arval UK to support their expansion into the UK automotive market. This partnership will provide UK franchised dealers with a full range of finance solutions for the point of sale, including consumer finance from BNP Paribas and fleet and contract management services from Arval.
Omoda and Jaecoo are two of the fastest-growing automotive brands in the world, and their entry into the UK market is highly anticipated. Omoda will be launching two car models, the Omoda 5 and E5, in July 2024, with Jaecoo set to release its first model later this year. This partnership aims to offer customers a competitive and special experience in the UK automotive market.
Victor Zhang, executive vice president at Omoda and Jaecoo UK, expressed his excitement about the partnership, highlighting the importance of having strong partners to provide customers with the best experience. Stephen Hunt, CEO of BNP Paribas Personal Finance UK, also emphasized the company’s commitment to innovation and service as they expand into the new car sales segment.
This collaboration marks a significant milestone for BNP Paribas Personal Finance UK and Arval UK as they establish themselves as leading providers of finance solutions in the automotive market. With the growing demand for electric vehicles and innovative automotive solutions, this partnership sets the stage for a successful entry into the UK market for Omoda and Jaecoo.
Stay tuned for more updates on this exciting partnership and the launch of Omoda and Jaecoo’s car models in the UK market. The future of automotive finance and innovation is here, and it’s set to revolutionize the way Britain’s drivers make their car purchases.