AIHS - Senmiao Technology Announces Signing of Strategic Cooperation Agreement with Heilongjiang Kunrui Financing Guarantee | Benzinga
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 ...