Geely has said it plans to set up a joint venture with BNP Paribas Personal Finance to conduct auto financing in China.

BNP Paribas Personal Finance is a wholly owned subsidiary of France’s BNP Paribas Group.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Geeely said the joint venture will have a registered capital of 900 million yuan (around $148 million), of which Geely will invest 720 million yuan giving it 80% of the company.

BNP Paribas Personal Finance will provide 180 million yuan for the remaining stake, a statement added.

“China’s automotive market continues to grow at a rapid pace and customers are increasingly looking for new, innovative ways to finance their auto purchases,” said Daniel Li, vice president and chief financial officer of Zhejiang Geely Holding Group and executive director of Geely Automobile.

The agreement is subject to approval by Chinese authorities.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact