CA Personal Finance & Mobility has acquired a 50% equity stake in GAC Finance Leasing Co. Ltd., establishing a joint venture aimed at promoting electric vehicle leasing solutions in China.
Information on the Target
GAC Finance Leasing Co. Ltd. (now referred to as Guangzhou GAC-Sofinco Finance Leasing Co Ltd) is a prominent leasing company in China, focused on providing financial and operational leasing solutions. It operates as a subsidiary of Guangzhou Automobile Group Co., Ltd. (GAC Group), one of the largest automobile manufacturers in the country, with a significant presence in both the local and global markets.
This acquisition marks the establishment of a 50% equity interest in GAC Leasing by CA Personal Finance & Mobility, further solidifying a partnership that originated in 2009 with the formation of GAC-Sofinco AFC, a joint venture that offers automotive financing and services across China.
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Industry Overview in China
The Chinese automotive leasing industry has been experiencing rapid growth, fueled by increasing demand for flexible financing options among consumers and businesses. The rise of el
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CA Personal Finance & Mobility
invested in
GAC Finance Leasing Co. Ltd.
in 2025
in a Joint Venture deal