Arval UK leads entry of OMODA & JAECOO into UK market [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
The partnership will provide OMODA & JAECOO UK dealers and customers with a comprehensive range of flexible finance solutions, increasing options for UK consumers. Chery International, the largest automotive exporter in China, is driving the expansion of OMODA and JAECOO, which are among the fastest-growing automotive brands globally. This collaboration will support their further expansion into Europe, launching in the UK with both internal combustion engine (ICE) and electric vehicles (EV). Under a one-bank solution, BNP Paribas Personal Finance UK will offer consumer finance while Arval UK will provide fleet and contract management services. This partnership aligns with BNP Paribas' strategy to support original equipment manufacturers (OEMs) across multiple markets. OMODA will initially launch two models, the 5 and E5, available from July 2024 at 62 retailers across the UK, with JAECOO releasing its first model later this year. Stephen Hunt, CEO of BNP Paribas Personal Fina
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