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Changan UK has formally entered the British automotive market following a financial services agreement with BNP Paribas Personal Finance and Arval UK, according to a company press release.
The partnership provides dealers and customers with access to a range of finance solutions, supporting the rollout of Changan’s first UK model, the Deepal S07 fully electric SUV.
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Changan UK, established in 2010 as Changan UK R&D Centre Limited (CAUK), operates as the brand’s UK entity and is a subsidiary of Changan Automobile, the state-owned automotive manufacturer headquartered in Chongqing, China.
Changan front grille. Picture Credit: Shutterstock.com
The vehicle is initially available through 20 dealer sites, with plans to reach 40 by the end of 2025.
The arrangement builds on BNP Paribas’ existing relationships with original equipment manufacturers (OEMs) globally and extends its support for automotive partners in the UK market.
Stephen Hunt, CEO of BNP Paribas Personal Finance UK, said the partnership reflects “the power of collaboration between BNP Paribas Personal Finance and Arval UK” and noted that the motor finance division is “expanding our portfolio of OEMs with this new partnership with Changan UK.”
Elliot Woodhead, Retail Director of Arval UK, commented that supporting Changan’s UK launch “is further evidence of how the combined capabilities of BNP Paribas Personal Finance and Arval are providing an extensive range of solutions to support manufacturers and customers in the UK and across Europe.”
Nic Thomas, Managing Director of Changan UK, described the agreement as “a significant milestone” for the brand, adding that combining its product line with BNP Paribas’ financial expertise “will give us the operational foundation to grow quickly and sustainably in the UK.”
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