CHENGDU,
China, Sept. 8, 2023 /PRNewswire/ -- Senmiao
Technology Limited ("Senmiao" or the "Company") (Nasdaq: AIHS),
a financing and servicing company focused on the online
ride-hailing industry in China as
well as an operator of its own online ride-hailing platform, today
announced that the Company's operating subsidiary Hunan
Xixingtianxia Technology Co., Ltd. ("XXTX"), through its subsidiary
Chengdu Xixingtianxia Technology Co., Ltd., has signed a strategic
cooperation agreement with Zhongfu Wuyou (Shenzhen) Technology Co., Ltd. ("Zhongfu
Wuyou"), a state-owned enterprise that invests in multiple areas
including online ride-hailing platforms for new energy vehicles,
manufacturing of new energy vehicles, vehicle financing and smart
batteries, with operations in major cities and provinces across
China including Beijing, Shanghai, Zhejiang
Province, Shandong Province
and others.
Pursuant to the agreement, Zhongfu Wuyou will provide Senmiao
with the necessary regulatory qualifications to operate its online
ride-hailing platform in Shenzhen
and other cities across the country. Senmiao will provide
operational support for Zhongfu Wuyou in Shenzhen, including support and assistance in
online ride-hailing platform technologies, system and driver
management solutions for airport transportation services, chartered
bus services, and intercity carpool services. Senmiao and Zhongfu
Wuyou expect to initiate strategic cooperation in the
aforementioned areas where Zhongfu Wuyou has a business focus, as
well as in smart manufacturing and new material technology
development, innovation and development of new energy technology
applications, development of a microgrid energy security management
system. The two parties will also work together to accelerate local
policy support in respective markets.
Xi Wen, Senmiao's Chairman and
Chief Executive Officer stated, "We are pleased to have garnered
the support of Zhongfu Wuyou, a recognized state-owned enterprise,
enabling Senmiao's online ride-hailing platform services business
to enter the key market of Shenzhen. We believe there is significant
potential for us to expand our business and increase our brand
awareness within this new market and are excited to be partnering
with Zhongfu Wuyou in various areas that would greatly benefit our
diverse lines of business."
About Senmiao Technology Limited
Headquartered in Chengdu,
Sichuan Province, Senmiao provides
automobile transaction and related services including sales of
automobiles, facilitation and services for automobile purchases and
financing, management, operating leases, guarantees and other
automobile transaction services, as well as operates its own
ride-hailing platform aimed principally at the growing online
ride-hailing market in Senmiao's areas of operation in China. For more information about Senmiao,
please visit: http://www.senmiaotech.com. Senmiao routinely
provides important updates on its website.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements (including those relating to the
operation of Senmiao's ride-hailing platform) are subject to
significant risks, uncertainties and assumptions, including those
detailed from time to time in the Senmiao's filings with the SEC,
and represent Senmiao's views only as of the date they are made and
should not be relied upon as representing Senmiao's views as of any
subsequent date. Senmiao undertakes no obligation to publicly
revise any forward-looking statements to reflect changes in events
or circumstances.
For more information, please contact:
At the Company:
Yiye Zhou
Email: edom333@ihongsen.com
Phone: +86 28 6155 4399
Investor Relations:
The Equity Group Inc.
In China
Carolyne Sohn, Vice
President
Lucy Ma, Associate
+1
408-538-4577
+86 10 5661 7012
csohn@equityny.com
lma@equityny.com
Alice Zhang, Associate
+1 212-836-9610
azhang@equityny.com
© 2023 Senmiao Technology Ltd. All rights reserved.
View original
content:https://www.prnewswire.com/news-releases/senmiao-technology-announces-signing-of-strategic-cooperation-agreement-with-zhongfu-wuyou-shenzhen-technology-301921502.html
SOURCE Senmiao Technology Limited