Beijing (ZXZC)- On September 10, Chinese new energy vehicle brand NETA Auto signed strategic partnership agreements with BBVA Mexico, the Electro Mobility Association (EMA) of Mexico, and several local dealerships, respectively, the company announced on Wednesday.

Signing ceremony with BBVA; photo credit: NETA Auto

These partnerships mark a milestone in NETA Auto’s business expansion in Mexico. BBVA, a leading Spanish bank and the second-largest investment financial group in Latin America, is a key player in Mexico's automotive financing sector. Through this collaboration, BBVA will offer flexible and competitive financing options for NETA Auto customers in Mexico.

Zhou Jiang, Vice President of NETA Auto and President of Overseas Business, stated, "Mexico is a crucial market in our growth strategy, and we are excited to contribute to the electrification of the automotive industry here."

NETA Auto’s entry into the Mexican market comes at a pivotal time. Following this strategic alliance, NETA Auto plans to introduce its flagship vehicle models in Mexico in the fourth quarter of 2024. The company is also accelerating its expansion across Central and South America, with a presence already established in Brazil, Ecuador, and Costa Rica. Globally, NETA Auto has gained recognition from over 450,000 users.