CA Auto Bank signs a partnership with QJ Motor Italy in the motorcycle sector
- The agreement encompasses the entire QJ Motor line, ranging from the flagship SRT 800 X to the naked SRK models and SRV cruisers.
- As part of the partnership, the Bank will offer its financial solutions to QJ Motor dealers and customers. These solutions include traditional installment loans, leases, and the innovative InstantMoto, which is the first instant approval loan for motorcycles in Italy.
- This partnership further solidifies the Bank’s position in Italy, the Eurozone’s fastest-growing motorcycle market.
The passion for motorcycles continues to drive the growth of CA Auto Bank. The Bank, a subsidiary of Crédit Agricole Consumer Finance, has entered into a partnership with QJ Motor Italy, the exclusive distributor of the Qianjiang Group brand in Italy. Qianjiang Group is a renowned motorcycle giant and part of the Geely Group.
Under this agreement, the Bank will offer a diverse range of innovative and flexible financial solutions aimed at making the brand’s models more accessible in the newly-opened Italian market. These solutions include traditional installment loans, leasing options, and the new InstantMoto, which is the first instant approval loan for motorcycles and e-bikes in Italy. InstantMoto enables customers to undergo credit evaluation and receive approval for their loan application in just 3 minutes.
These products are designed to support dealers and end customers in choosing from the entire QJ Motor line, which offers solutions catering to various needs.
The lineup includes notable models such as the SRT 800 and SRT 800 X adventures, as well as the sporty nakeds SRK available in 125, 400, and 700 cubic-centimeter displacements. Additionally, the SRV 125 and 300 cruiser series are available, with plans for further expansion into the scooter segment, which has long been a strategic product in the Italian market.
With this partnership, the Bank solidifies its role in a continuously growing sector in Italy. Motorcycle, scooter, and moped registrations in May 2023 increased by 11.8% compared to the same period in 20221, confirming Italy as the fastest growing market in the Eurozone. Both CA Auto Bank and QJ Motor intend to cater to the needs of a diverse audience, ranging from novices to experienced riders, who seek flexible, affordable, and sustainable mobility solutions.
“We are proud that QJ Motor has chosen us as its financial partner for Italy, a market where the brand made its debut this year. This decision demonstrates its appreciation for our innovative solutions and century-long experience,” said Giacomo Carelli, CEO of CA Auto Bank.
This new partnership is a significant milestone in the Bank’s growth within the sector”.
This is the comment of Dennis Dongminshang, Board Director of QJ Motor Italy: “Choosing CA Auto Bank as a financial partner was a crucial step in introducing the QJ Motor brand in Italy. The Italian market has always been one of the most important in the world, both in terms of numbers and ability to set trends. For this reason, CA Auto Bank’s experience and its dynamic and customized tools give us the confidence to focus on our products and services to the passionate public of the Bel Paese.”