Omoda and Jaecoo are serious about entering the Philippine car market. And one of their strategies is to partner with local banks to make their vehicles attainable via financing options. You might be thinking: “Which banks would be willing to trust a car company from China?”
Turns out Banco de Oro (BDO) is one of them. BDO’s tagline is “We find ways,” and this held true when a delegation of executives found its way to Wuhu, China, to visit the headquarters of Omoda & Jaecoo on November 10.
Not only did the Filipino executives tour the factory and test-drive the vehicles, but the group signed a Memorandum of Understanding after having extensive discussions about the Philippine automotive finance sector.
With this partnership, Omoda & Jaecoo Philippines is one step closer to formally launching in the country.