Hyundai Capital and CGI Finance launch Hyundai Capital France

Hyundai Capital Services, a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a subsidiary of Societe Generale, are announcing the launch of a joint venture, Hyundai Capital France.

HCF will support Hyundai Motor France, Kia France and their dealer network – spread across nearly 400 sites in France – in lease and loan financing for new vehicles and used vehicles in addition to serving as a sales agent for relevant insurance policy products. The company will benefit from the support of Societe Generale Group and operate under the Hyundai Finance and Kia Finance brands within their respective networks and with dedicated teams.

HCF is the 10th overseas financial entity of Hyundai Capital and 17th when consulting entities and branches are taken into account. Within Europe, it is the fifth entity after the ones in Germany, the United Kingdom, Russia and Italy. With the establishment of Hyundai Capital Bank Europe in Germany in 2016, Hyundai Capital vowed to enter into additional countries in Europe. Before France, the company opened a branch in Italy in 2021.

“France is a strategically significant market for Hyundai Motor Group and we are very glad to form a joint venture with Societe Generale Group in this regard. Hyundai Capital, as a captive finance provider, aims to support Hyundai Motor Group’s meaningful expansion in France with tailored products and services.” – Kim Hyun Joo, EVP and head of Global Business Division at Hyundai Capital.

“We are very proud of this new chapter with the Hyundai Motor Group, which is the recognition of a long-term partnership. It will enable CGI Finance to continue to grow and support Hyundai Motor France, Kia France and their dealers network while offering services for a more sustainable mobility to consumers.” – Ludovic Van De Voorde, CEO of CGI Finance.