GAC-Sofinco Auto Finance Co., Ltd.

GAC-Sofinco Auto Finance Co., Ltd. (abbreviated as GAC-Sofinco) is an auto finance company jointly established by Guangzhou Automobile Group Co., Ltd. and Credit Agricole Consumer Finance Co., Ltd. with a 50% shareholding each. GAC-Sofinco was established on May 25, 2010, and is an auto finance company in Guangdong Province. Its main business is to provide auto financial services to end customers and dealers of vehicles under GAC Group's related brands.
Guangzhou Automobile Group Co., Ltd. (abbreviated as "GAC Group") was founded on June 28, 2005. GAC Group is a large domestic automobile manufacturer, with main businesses including design and manufacturing of complete vehicles and parts for domestic and international markets, automobile sales and logistics, auto finance, insurance and related services, possessing an independent and complete R&D, production, supply and sales system. Currently, its invested enterprises include GAC Honda, GAC Toyota, GAC Motor, GAC Hino, GAC Changfeng, GAC Fiat, GAC Bus, and other multiple complete vehicle manufacturers, producing a variety of brands and models of passenger cars, commercial vehicles, automobile engines, and major auto parts.
Credit Agricole Consumer Finance Co., Ltd. (abbreviated as "Credit Agricole Consumer Finance") was established in 1951 and is a wholly-owned subsidiary of Credit Agricole Group specializing in personal credit in the professional financial services field. It is also one of the major international consumer credit institutions, currently operating in more than 21 countries worldwide. Credit Agricole Consumer Finance possesses rich professional experience in consumer finance, strong capabilities in exclusive auto finance business (retail, wholesale, etc.), and highly professional knowledge accumulated from over 60 years of practice in risk control, organizational structure, and process design. At the same time, Credit Agricole Consumer Finance is committed to cooperating with automobile manufacturers to develop the auto finance market and has long-term cooperative relationships with multiple multinational automobile producers.