{"id":3557,"date":"2025-12-29T15:07:21","date_gmt":"2025-12-29T14:07:21","guid":{"rendered":"https:\/\/www.ca-personalfinancemobility.com\/publication\/deploiement-des-vehicules-electrique-en-chine\/"},"modified":"2026-01-06T14:50:53","modified_gmt":"2026-01-06T13:50:53","slug":"electric-vehicle-deployment-in-china","status":"publish","type":"publication","link":"https:\/\/www.ca-personalfinancemobility.com\/en\/publication\/electric-vehicle-deployment-in-china\/","title":{"rendered":"Cr\u00e9dit Agricole Personal Finance & Mobility joins GAC Leasing to support GAC Group sales growth in China"},"content":{"rendered":"\n

CA Personal Finance & Mobility announces the proposed acquisition of 50% of the shares of GAC Finance Leasing Co. Ltd, (GAC Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd (GAC Group), through a reserved capital increase. In 2025, Personal Finance & Mobility will offer financial and operational leasing solutions in the Chinese market, thus promoting the deployment of electric vehicles in China. This transaction will consolidate a partnership that has existed since 2009 between Personal Finance & Mobility and the GAC Group with the creation of GAC-Sofinco AFC, a joint venture held in equal shares. The company operates throughout China and provides automotive financing and services to the GAC-Honda, GAC-Toyota, AION, HYPTEC and GAC Motor networks, serving more than 3,000 dealers.<\/strong><\/strong><\/p>\n\n\n\n

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CA PERSONAL FINANCE & MOBILITY TO BECOME A 50% SHAREHOLDER IN GAC LEASING<\/strong><\/p>\n\n\n\n

Following a reserved capital increase, CA Personal Finance & Mobility will hold 50% of GAC Leasing. Since 2004, it has been operating in the Chinese market and offers GAC customers and its distribution network financial and operational leasing solutions.<\/p>\n\n\n\n

Through this transaction, the CA Personal Finance & Mobility Group and GAC Group are strengthening the leasing offer offered to Chinese customers, thus stimulating the sale of electric motor vehicles, which already represent 60% of GAC Leasing’s leasing contracts on a portfolio of more than 200,000 vehicles.<\/p>\n\n\n\n

The impact on Cr\u00e9dit Agricole S.A.\u2019s CET1 ratio and that of the Cr\u00e9dit Agricole Group will be very limited.<\/p>\n\n\n

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The acquisition of GAC Leasing reaffirms the importance of our long-standing partnership with the GAC Group. It will allow us to support together and in the long term the development of the particularly dynamic electric car market in China.<\/p>\n<\/blockquote>\n<\/blockquote>\n\n\n

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St\u00e9phane PRIAMI<\/div>\n
Chief Executive Officer of Cr\u00e9dit Agricole Personal Finance & Mobility<\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n\n\n\n

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Downloadable Document<\/h2>\n
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