CA Auto Bank and Chery partner to expand in Europe

CA Auto Bank has entered into a strategic agreement with Chery Finance Service, the financial arm of Chinese automotive giant Chery Holding Group. The partnership will support the rollout of Chery Group’s brands across Europe, starting with Italy.

The collaboration, which begins this month, focuses initially on financing and insurance solutions for the Omoda and Jaecoo brands already available in the Italian market. It will offer a full suite of services for both retail customers and dealer networks, including vehicle financing, leasing options, and insurance products.

The agreement also lays the foundation for a potential joint venture aimed at establishing a longer-term strategic alliance. The two companies plan to expand their operations to other European markets as Chery Group continues its entry into the region.

“CA Auto Bank is the ideal partner to accompany our expansion into the European market,” said 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.”

“This partnership represents a concrete step towards an increasingly flexible and innovative mobility.”

Chery Holding Group is one of China’s largest automotive manufacturers and has been accelerating efforts to expand its global presence. The agreement with CA Auto Bank is part of that broader strategy, providing localised financial services to support vehicle sales and dealer operations in new markets.

The partnership is expected to grow as Chery introduces additional brands and models across Europe in the coming years.