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Stock impact report

Quhuo International Leads Innovation: Carnuxt Platform Revolutionizes International Used Car Trade with Full-Management Model

Quhuo Limited - American Depository Shares (QH) 
Company Research Source: PR Newswire
BEIJING, March 25, 2024 /PRNewswire/ -- As the global used car market continues to expand and China's automobile production and sales soar worldwide, as the new overseas business division of Quhuo Limited (NASDAQ: QH) ("Quhuo" or "the Company"), a leading gig economy platform focusing on local community-centered services in China, Quhuo International has launched its unique "full-managed model" used car export trading platform, Carnuxt, aiming to redefine "international trade in used cars".In recent years, the international trade of the global used car market has witnessed unprecedented growth. According to a research report by The Brainy Insights, the global used car market reached $1.67 trillion in 2023, with a projected compound annual growth rate (CAGR) of 6.2% from 2024 to 2033. By 2033, it is expected to soar to $3.05 trillion.In China, after overtaking Japan to lead the world in automobile exports, the Chinese used car export industry has gradually moved towards large-scale ope Show less Read more
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