CA Auto Bank and Chery Finance Service together to drive a new mobility future in Europe
Crédit Agricole Auto Bank has signed a strategic agreement with Chery Finance Service, part of the Chery Holding Group, one of the world’s largest automotive manufacturers.
- Starting April 2025, a strategic partnership between CA Auto Bank and Chery Finance Service to support Chery Group brands.
- Italy first: financing and insurance solutions for Omoda and Jaecoo, with Europe in sight.
- Targeting both retail and wholesale: a full-service offer for end customers and dealer networks.
Crédit Agricole Auto Bank has signed a strategic agreement with Chery Finance Service, part of the Chery Holding Group, one of the world’s largest automotive manufacturers. Effective from April 2025, the partnership starts in Italy and can be progressively extended to other important European markets.
The agreement includes a wide range of financing and insurance solutions tailored for both retail customers and the dealer network.
It initially focuses on the Omoda and Jaecoo brands already available in Italy, with potential for more Chery brands as they launch in Europe.
This cooperation marks the beginning of a journey toward a joint venture that aims to build a long-term strategic alliance and jointly foster the development of sustainable mobility across Europe. CA Auto Bank will provide both traditional and innovative products for the purchase and leasing of new and used vehicles, as well as a comprehensive set of insurance services to protect both customers and vehicles.
“CA Auto Bank is the ideal partner to accompany our expansion into the European market” stated Liu Yang, Executive Vice President at Chery Holding Group. “We share a common vision of sustainable, customer-focused growth, driven by innovation and service excellence.”
“We are proud to support Chery in this ambitious growth path in Europe. This is an extraordinary opportunity for us that enhances our century-old experience, unique in the European scenario” commented Giacomo Carelli, CEO of CA Auto Bank. “With the Chery Group, we share a common vision made of innovation, quality and customer centricity: this partnership represents a concrete step towards an increasingly flexible and innovative mobility“.
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