CHENGDU,
China, Sept. 28, 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 Heilongjiang
Kunrui Financing Guarantee Co., Ltd. ("Kunrui"), a financing
services company that provides vehicle purchasing and auto
insurance installment loan guarantee services to enterprises and
individuals. Kunrui provides financing guarantee services for new
energy vehicles used in online ride-hailing and is a major
financing and guarantee company incorporated in Heilongjiang Province serving automobile
rental companies across the country.
Pursuant to the agreement, Kunrui will provide Senmiao with
financial resources in new energy vehicle financing and auto
insurance installment services, leveraging its chartered financial
qualifications. Senmiao will introduce Kunrui to its new energy
vehicle dealership partners and provide access to its auto
financing technologies. Senmiao and Kunrui will also work together
to support auto dealers focusing on online ride-hailing vehicles
with Kunrui providing auto financing and insurance installment
services to Senmiao's dealer partners. In addition, Senmiao and
Kunrui are exploring the possibility of developing a new energy
auto financing system, which could serve as a potential SaaS
business opportunity for both companies.
Xi Wen, Senmiao's Chairman and
Chief Executive Officer stated, "We are pleased to have initiated a
strategic cooperation with Kunrui, a regionally recognized company
with extensive experience in auto financing and insurance
installment services. We believe this represents an opportunity for
Senmiao as auto financing and insurance services are critical
components of supporting our local online ride-hailing drivers. We
look forward to building a successful relationship with Kunrui,
which we believe will help us continue to empower our drivers and
channel partners while supporting the growth of our online
ride-hailing platform services 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.
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SOURCE Senmiao Technology Limited