Arval UK Launches Fleet and Leasing Services for Chery

Welcome, Net Zero News readers,

In a significant move that promises to shake up the UK automotive landscape, Arval UK and BNP Paribas Personal Finance have joined forces to support Chery International’s ambitious entry into the UK market. This new financial services partnership marks an exciting chapter for the renowned Chinese car manufacturer as it seeks to establish a strong foothold in the competitive British automotive sector.

The collaboration introduces a ‘one-bank solution’ designed to streamline consumer finance offerings, with BNP Paribas Personal Finance UK taking the lead on financing options. Meanwhile, Arval UK will provide essential fleet and contract management services tailored specifically for Chery UK’s expanding line-up of vehicles. This strategic alliance builds upon an existing relationship that has seen both banks previously support the launch of Chery’s Jaecoo and Omoda brands last year, resulting in a remarkable 35% of new car sales financed across these two marques.

This summer witnessed the official launch of Chery UK’s flagship brand, marking a pivotal moment in the company’s ongoing commitment to the UK market. The introduction of Chery alongside the Omoda and Jaecoo brands paves the way for an exciting new chapter, as Chery aims to capture the attention of British drivers with its innovative offerings.

The first models to hit the roads are the highly anticipated Chery Tiggo 7 and Tiggo 8 SUVs, both set to launch this month. Car buyers will have the choice between pure petrol and plug-in hybrid powertrains, catering to the growing demand for environmentally friendly options. Following closely behind will be the Tiggo 4 and Tiggo 9, effectively rounding out Chery’s comprehensive SUV line-up.

Lakshmi Moorthy, Managing Director of Arval UK, expressed enthusiasm about the extended partnership, stating: “We’re delighted to be extending our relationship, supporting Chery’s growth in the UK, with the launch of their Tiggo models. The expansion in this partnership is further evidence of how the combined capabilities of BNP Paribas Personal Finance and Arval are providing an extensive range of solutions to support manufacturers and customers in the UK and across Europe.”

Farrell Hsu, Country Director at Chery UK, also shared his excitement about the new models, saying: “The launch of the Tiggo 7 and Tiggo 8 models marks another exciting step in Chery’s long-term commitment to the UK. Working with BNP Paribas Personal Finance UK and Arval UK allows us to provide customers with greater choice, flexibility and peace of mind as they make the move to a new family car. We are confident that our combination of advanced design, hybrid technology and attractive finance solutions will resonate strongly with UK drivers and accelerate the growth of Chery in this important market.”

As we witness the evolution of the automotive industry, partnerships like this one are crucial in facilitating the transition towards greener and more sustainable transport solutions. The collaboration between Chery International, Arval UK, and BNP Paribas Personal Finance signifies an important step in enabling consumers to make informed choices that align with their values and lifestyle.

Indeed, the introduction of hybrid technology in vehicles like the Tiggo 7 and Tiggo 8 reflects a broader trend within the industry, as manufacturers strive to meet the increasing demand for eco-friendly alternatives. With the UK government’s ambitious net zero targets and the growing awareness of climate change among consumers, the significance of this partnership cannot be overstated.

As Chery UK embarks on this exciting journey, the synergy created by this partnership is likely to enhance customer experiences and solidify the brand’s reputation in the UK market. The combination of innovative design, advanced technology, and tailored financial solutions positions Chery as a formidable player in the automotive arena.

We look forward to witnessing how this partnership unfolds and contributes to the broader goals of sustainability and innovation in the automotive sector. As always, we encourage our readers to stay informed and engaged in discussions about the future of mobility and the role of electric and hybrid vehicles in achieving a net-zero future.

Thank you for joining us in exploring these developments, and we invite you to share your thoughts on Chery UK’s entry into the market and the implications of such partnerships for the future of transport.

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