Car brands Omoda and Jaecoo have agreed a financial services partnership with Arval UK and BNP Paribas Personal Finance UK.
The deal will see Arval UK offering fleet and contract management services, while BNP Paribas Personal Finance UK will provide consumer finance.
Omoda is introducing two car models – the 5 and E5 – to the UK market from this month, while Jaecoo’s first model will arrive later this year.
Arval UK managing director Lakshmi Moorthy said: “We’re delighted to have been chosen as the partner for Omoda and Jaecoo UK, to provide contract hire for their customers and support their dealer network.
“These are two exciting new brands and we look forward to assisting their growth in the UK.
“It is further evidence of the appeal of the combined capabilities of BNP Paribas Personal Finance and Arval in providing the full range of products to support manufacturers in the UK and across Europe.”
Omoda and Jaecoo UK executive vice president Victor Zhang said: “We have big ambitions for Europe and have worked hard to try to bring the best products. However, we know that in the oldest automotive market in the world, we need to have the best partners to offer our customers the best experience throughout their journey with us.
“We’re delighted to be working with BNP Paribas in the UK. This is an exciting partnership with a very experienced company and experts in their field.
“Together we can develop what we feel will be not only a very competitive offering but something special for a newcomer to this competitive market.”
