Chery International will roll out its TIGGO 7 and TIGGO 8 models to UK buyers this month under an expanded financial services partnership with BNP Paribas Personal Finance UK and Arval UK.
The Wuhu-based manufacturer, China’s largest vehicle exporter for 23 consecutive years, said the agreement extends an existing relationship that underpinned the launch of the OMODA and JAECOO brands in July. That debut saw finance packages backing “around 35%” of new car sales, according to Chery UK.
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Under the new deal, BNP Paribas Personal Finance UK will offer a full suite of consumer finance products through Chery’s growing UK retail network – 25 dealers initially, with plans to reach more than 100 outlets within 12 months. Arval UK, the BNP Paribas fleet specialist, will provide contract hire and fleet management solutions.
Stephen Hunt, CEO of BNP Paribas Personal Finance UK, said the group was “building on the successful partnership” with Chery UK to broaden its automotive lending. “Our offering has gone from strength to strength,” he added, highlighting the bank’s push to support OEMs since mid-2024.
Arval UK managing director Lakshmi Moorthy said the launch of the TIGGO models was “further evidence” of the combined finance group’s ability to “provide an extensive range of solutions” to manufacturers and customers in the UK and Europe.
Initially available as petrol or hybrid models in five- or seven-seat configurations, the TIGGO 7 and TIGGO 8 are aimed at family buyers and fleet operators alike. Chery UK Country Director Farrell Hsu said the finance tie-up would give customers “greater choice, flexibility and peace of mind” when switching to a new family car.
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By GlobalDataIndustry observers note that the one-bank approach enables Chery to bundle retail finance, leasing and fleet support through a single partner – a model increasingly adopted by new entrants seeking scale in the UK.
