Shanghai (ZXZC)- On October 12, Chinese new energy vehicle maker NETA Auto and BNP Paribas, the prominent French bank, sealed a deal in Shanghai by signing a memorandum of understanding (MoU), forming strategic collaboration in the field of automotive finance, according to a post on NETA Auto's WeChat account.

Photo credit: NETA Auto

The MoU outlines the various areas of cooperation, encompassing personal finance, auto insurance, and an array of services. Fang Yunzhou, founder and chairman of NETA Auto, underscored the company's unwavering commitment to making high-quality smart electric vehicles accessible on a global scale. Through this profound partnership with BNP Paribas, NETA Auto intends to further solidify and enhance its strengths in overseas market expansion and financial service innovation.

Since venturing into the overseas market in 2022, NETA Auto has made its presence felt in regions spanning from the ASEAN countries to South America and the Middle East. With nearly 350,000 global users, this collaboration marks a promising beginning for NETA Auto's European market expansion. Leveraging the extensive global network and expertise accumulated over time, the BNP Paribas is poised to support NETA Auto's steady growth in Europe, bringing the company even closer to its worldwide customer base.

BNP Paribas is a leading European international financial institution and a globally significant banking entity, boasting a substantial market presence and business scale in personal finance, auto insurance services, and more.