Arval Beyond
ZEEKR and BNP Paribas Mobility announce a long-term strategic partnership for electric mobility financing in Europe
Strategy
12 Oct 2023
- ZEEKR, premium electric mobility brand, part of GEELY Group, partners with BNP Paribas Personal Finance and Arval in Europe to deploy a full and comprehensive range of services to ZEEKR end-customers.
- Relying on BNP Paribas' expertise, the partnership will provide financing, full-service leasing and insurance services covering all aspects of mobility to ZEEKR end-customers.
- This partnership is an integral part of the BNP Paribas Mobility initiative, which brings together all the Group's expertise to support its partners and serve its clients in the field of mobility.
BNP Paribas Personal Finance and Arval signed a pan-European partnership agreement with the luxury automotive manufacturer ZEEKR. This collaboration will take advantage of ZEEKR's innovative positioning in the electric vehicles market, combined with deep knowledge of the European automotive and regulatory ecosystem and the experience of BNP Paribas Personal Finance in loans & leases and Arval in full-service leasing.
The partnerships will cover several countries in ZEEKR's fast European go-to-market plan, having started in September in the Netherlands and Sweden, followed in 2024 by Germany. This complements the competitive offers in the ZEEKR One-Stop-Shop to accelerate the shift to electric mobility.
As part of the BNP Paribas Mobility initiative, the collaboration with ZEEKR also involves other BNP Paribas businesses: BNP Paribas Cardif offers for insurances, Corporate & Institutional Banking (CIB) for full-fledged banking services, including Payment Services for Card transactions (through Axepta BNP Paribas).
Spiros Fotinos, CEO of ZEEKR Europe says: “We are proud to announce that we have established strong financial partnerships with BNP Paribas Personal Finance and Arval, both of which have extensive experience in the automotive financial services space. Through these partners, ZEEKR Finance, will be able to offer a full suite of products allowing customers to select the one that suits them best. This is a key element of our One-Stop-Shop strategy that bundles all EV related services into one place.”
Charlotte Dennery, CEO of BNP Paribas Personal Finance declared: “We are delighted to begin a strategic partnership with ZEEKR. BNP Paribas Personal Finance‘s expertise and experience of international mobility financing partnerships are a key asset for making this cooperation a success. We are also glad to extend our partnership within the Geely universe, in addition to our existing joint-ventures in China and our cooperations with Volvo and Polestar in Europe.”
Alain van Groenendael, Chairman and CEO of Arval added: “This partnership with a key player is a new step to meet our ambition to lease 700,000 electrified vehicles as part of our global fleet by 2025 and supporting our clients in their energy transition. We look forward to developing new journeys and further support them with solutions to successfully engage in the energetic transition challenge and opportunities in Europe.”