BEIJING, Nov. 14,
2024 /PRNewswire/ -- During the 7th China
International Import Expo (CIIE), Quhuo International, the overseas
division of Quhuo Limited (NASDAQ: QH), announced a strategic
partnership with Panasonic Navinfo Mobility Technology Service
(Beijing) Co., Ltd. ("Panasonic
Navinfo"), a joint venture company. The collaboration aims to
strengthen export support for new energy vehicles (NEVs) through
technological and service innovation, improve full-process
management, and help Chinese NEVs excel in the global market.
The used NEV market holds vast potential but faces challenges
such as difficulty in assessing battery conditions, lack of
transaction security, and limited after-sales support. To address
these issues, Quhuo International offers repair, inspection,
value-added reconditioning, and cross-border B2B trade services for
domestic used car and NEV manufacturers as well as global dealers,
driving optimization and upgrades in the industry.
Quhuo International, founded in 2023, exported over 13,000
vehicles to regions including the Middle
East, Africa, and
South America by the end of the
same year, with 9,836 successfully delivered. With reconditioning
bases in Guangzhou and
Chengdu and partnerships with 58
global distributors, Quhuo International has built a strong supply
chain network. Quhuo International is also developing the Carnuxt
trading platform to improve the reliability and efficiency of used
car exports.
Panasonic Navinfo supports export assurance with its digital
lithium battery lifecycle management solution, offering health
diagnostics, safety risk alerts, and extended battery life to meet
the high standards of NEV exports. Leveraging Panasonic's 100 years
of battery expertise and 30 years of lithium battery experience,
Panasonic Navinfo can analyze all major battery types on the
market.
The 7th CIIE, a major platform for global trade,
hosted 3,496 exhibitors from 129 countries and regions, offering an
ideal setting for international collaboration. The partnership with
Panasonic Navinfo leverages CIIE's reach, combining Quhuo
International's expertise in used car exports with Panasonic
Navinfo's advanced battery technology to enhance NEV export support
and drive high-quality industry growth.
Quhuo International and Panasonic Navinfo will collaborate on
key NEV export stages. The partnership will introduce Panasonic
Navinfo's battery screening services to ensure exported vehicles
meet international standards, enhancing transaction security and
vehicle value. Post-export, Panasonic Navinfo will offer battery
monitoring services, including real-time tracking, early risk
alerts, and after-sales support, to improve customer experience.
Together with upstream and downstream partners, the two companies
aim to maximize battery lifecycle value and drive green growth in
the NEV trade market.
The parties plan to leverage innovation in technology and
services to boost the competitiveness of exported used vehicles,
foster industry value chain synergy, and expand global market
reach. Looking ahead, the two companies will deepen their
collaboration to develop industry standards, attract more partners,
and enhance the ecosystem, driving further growth in China's NEV exports.
Mr. Bo Liang, General Manager of
Quhuo International, said: "Quhuo International is dedicated to
improving the full-process assurance system for used NEV exports.
This collaboration with Panasonic Navinfo brings advanced battery
testing and assurance technologies, enhancing vehicle safety and
customer confidence, and helping more high-quality Chinese NEVs
enter global markets."
Leslie Yu, Founder, Chairman, and
CEO of Quhuo Limited, stated: "Quhuo International prioritizes
innovation in technology and services to create a win-win
environment for manufacturers, dealers, and consumers. This
partnership is aimed to strengthen support for NEV exports. Moving
forward, we will refine export processes and collaborate with more
partners to promote the sustainable growth of Chinese NEVs in
global markets."
About Quhuo Limited
Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a
leading gig economy platform focusing on local life services
in China. Leveraging Quhuo+, its proprietary technology
infrastructure, Quhuo is dedicated to empowering and linking
workers and local life service providers and providing end-to-end
operation solutions for the life service market. The Company
currently provides multiple industry-tailored operational
solutions, primarily including on-demand delivery solutions,
mobility service solutions, housekeeping and accommodation
solutions, and other services, meeting the living needs of hundreds
of millions of families in the communities.
With the vision of promoting employment, stabilizing income and
empowering entrepreneurship, Quhuo explores multiple scenarios to
promote employment of workers, provides, among others, safety and
security and vocational training to protect workers, and helps
workers plan their career development paths to realize their
self-worth.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended and the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical or current fact
included in this press release are forward-looking statements,
including but not limited to statements regarding Quhuo's business
development, financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as "expect," "anticipate," "believe," "project," "wil""and similar
expressions intended to identify forward-looking statements. These
forward-looking statements are based on Quhuo's current
expectations and involve risks and uncertainties. Quhuo's actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties, which include, without limitation, risks
and uncertainties related to Quhuo's abilities to (1) manage its
growth and expand its operations, (2) address any or all of the
risks and challenges in the future in light of its limited
operating history and evolving business portfolios, (3) remain in
its competitive position in the on-demand food delivery market or
further diversify its solution offerings and customer portfolio,
(4) maintain relationships with major customers and to find
replacement customers on commercially desirable terms or in a
timely manner or at all, (5) maintain relationships with existing
industry customers or attract new customers, (6) attract, retain
and manage workers on its platform, and (7) maintain its market
shares in relation to competitors in existing markets and its
success in expansion into new markets, as well as the development
of the COVID-19 pandemic and its impact on Quhuo's business and
industry. Other risks and uncertainties are included under the
caption "Risk Factors" and elsewhere in the Company's filings with
the Securities and Exchange Commission, including, without
limitation, the final prospectus related to the IPO filed with the
SEC on July 10, 2020 and the
Company's latest annual report on Form 20-F. You are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and Quhuo undertakes no obligation to revise
or update any forward-looking statements to reflect events or
circumstances after the date hereof.
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SOURCE Quhuo Limited