foundation for yet another leap forward with the launch of a strategic joint venture with Santander Consumer Finance in 2019. The takeover of Sixt Leasing SE in 2020 is set to propel HCBE's competitive edge in Europe. Hyundai Capital UK Hyundai Capital UK (HCUK) is a captive finance company which commenced trading in 2012. It is a joint venture between Hyundai Capital, Hyundai Motor UK, Kia Motors UK and Santander Consumer Finance. It operates under two consumer facing brands, Hyundai Finance and Kia Finance, to provide both retail and wholesale finance to over 350 Hyundai and Kia franchised dealers in the U.K. In 2020 HCUK exceeded GBP 50 million PBT for the first time, continuing its sustainable year on year growth. Beijing Hyundai Auto Finance In China, the company joined hands with Beijing Automobile Investment (BAI), Beijing Hyundai Motor and Hyundai Motor to set up Beijing Hyundai Auto Finance (BHAF) in June 2012. BHAF currently covers five brands: Beijing Hyundai Motor Company (BHMC), Dongfeng Yueda Kia Motor (DYK), BAIC, Hyundai Truck & Bus China (HTBC), and Hyundai Import (HI). It provides retail and inventory finance, commercial vehicle finance, and fleet finance. BHAF has been showing resilient growth with its capital increasing from RMB 500 million to 4 billion through three rounds of capital injection. Hyundai Capital Canada Established in 2014, Hyundai Capital Canada (HCCA) is headquartered in Toronto and operates as Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance, offering a wide variety of customized financial products for customers and over 400 dealerships. With assets of CAD 3 billion, the company posted pre-tax income of CAD 29 million in 2020. Banco Hyundai Capital Brasil Established in 2018, Banco Hyundai Capital Brasil (BHCB) is a joint venture between Hyundai Capital and Santander Consumer Finance. BHCB provides various financial products including wholesale and retail financing for Hyundai Motor dealers and retail customers nationwide under the Hyundai Financiamentos brand. BAIC Hyundai Leasing Co., Ltd. In 2018, Hyundai Capital jointly launched an auto lease company with BAIC Group. BAIC Hyundai Leasing provides various auto leasing products. Sixt Leasing SE In July 2020, Hyundai Capital acquired Sixt Leasing SE in Germany. Sixt Leasing specializes in management and full-service leasing of large fleets. References Capital Financial services companies of South Korea Financial services companies established in 1993 South Korean companies established in 1993