NETA Auto signs agreement with BNP Paribas for cooperation in auto financing field

Chinese new energy vehicle maker NETA Auto and BNP Paribas, the prominent French bank, have recently announced a strategic collaboration in the field of automotive finance. The two companies sealed the deal by signing a memorandum of understanding (MoU) in Shanghai on October 12.

According to a post on NETA Auto’s WeChat account, the MoU encompasses various areas of cooperation, including personal finance, auto insurance, and an array of services. This collaboration aims to enhance the overall consumer experience and promote the adoption of new energy vehicles in China.

Fang Yunzhou, the founder and chairman of NETA Auto, expressed his enthusiasm for this partnership, emphasizing the potential benefits it may bring. Through the collaboration with BNP Paribas, NETA Auto aims to provide customized financial solutions to its customers, making electric vehicles more accessible and affordable.

The Chinese new energy vehicle market has been growing rapidly in recent years, supported by the government’s push for eco-friendly transportation. With the collaboration of NETA Auto and BNP Paribas, it is expected that the financing options for electric vehicles will become more diverse and attractive.

Personal finance is one of the key areas covered by the MoU. NETA Auto and BNP Paribas plan to develop innovative financial products and services tailored to the specific needs of potential electric vehicle buyers. This may include customized loan packages, flexible payment plans, and other incentives to encourage more consumers to choose electric vehicles.

Auto insurance is another important aspect addressed in the collaboration. As the popularity of new energy vehicles increases, insurance companies are adapting their policies to accommodate the unique characteristics of these vehicles. Through this partnership, NETA Auto and BNP Paribas aim to develop comprehensive and affordable insurance products that meet the changing needs of electric vehicle owners.

In addition to finance and insurance, the collaboration between NETA Auto and BNP Paribas will also focus on providing a wide range of services to improve the overall ownership experience. This may include convenient charging solutions, maintenance packages, and assistance programs to ensure the smooth operation and longevity of electric vehicles.

Both companies recognize the importance of sustainability and the role of new energy vehicles in reducing emissions and combating climate change. This collaboration aims to further accelerate the transition to clean and green transportation in China.

As the partnership between NETA Auto and BNP Paribas takes shape, it is expected to create new opportunities for growth and expansion in the Chinese new energy vehicle market. By leveraging their respective expertise and resources, the two companies aim to revolutionize the automotive finance industry and promote the adoption of electric vehicles in China and beyond.

The collaboration between a Chinese new energy vehicle maker and a prominent French bank highlights the global efforts to advance sustainable transportation and the role of finance in supporting this transition. This partnership is seen as a significant step towards a greener future and a cleaner environment.

Post time: Oct-16-2023