Senmiao Technology Announces Signing of Framework Agreement with BYD's Biggest Dealer in China for Leasing of 6,000 Automobiles
Senmiao Technology Limited (AIHS)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/senmiao-technology-limited-announces-pricing-of-us120-million-firm-commitment-initial-public-offering-300615172.html
Company Research
Source: PR Newswire
CHENGDU, China, July 30, 2021 /PRNewswire/ -- Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced the signing of a framework agreement with Baijuyi (Qingdao) New Energy Car Limited ("Baijuyi"), whereby Senmiao expects to lease 6,000 automobiles for its ride-hailing business. As of the end of July 2021, 150 automobiles have been delivered to Senmiao in Chengdu and Guangzhou pursuant to the framework agreement.Baijuyi is a subsidiary of Beijing Beifang Huapeng Trading Ltd. ("Huapeng"), which boasts 17 years of automobile sales experience and has served as the biggest dealer of BYD Company Limited ("BYD", HK: 1211 and SZSE: 002594) for years in China. Baijuyi is also collaborating with the State Grid Corporation of China ("State Grid") and is currently building a new ride-hailing ecosystem that com
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AIHS
Sec Filings
- 4/24/24 - Form 8-K
- 3/28/24 - Form 8-K
- 3/7/24 - Form DEF
- AIHS's page on the SEC website