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Yongda Auto Signs Strategic Cooperation Agreement with Uber
HONG KONG, Mar 19, 2015 - (ACN Newswire) - China Yongda Automobiles Services Holdings Limited ("Yongda Auto" or the "Company", stock code: 03669.HK), is pleased to announce that it signed a strategic cooperation agreement with an innovative technology company, Uber China. Mr. XU Yue, President of Yongda Auto and Mr. Wang Xiaofeng, General Manager of Uber Shanghai present in the signing ceremony and sign the agreement representing both parties.
 | | Yongda Auto - Uber |
Both parties have reached preliminary agreement on vehicle sales services of Audi and Volkswagen brands. The initial amount of automobile finance reaches RMB hundreds of million yuan. Soon afterward, other luxury brands such as Jaguar/ Land Rover and BMW, etc. will be included. Yongda will provide purchase loan amounting RMB200 million yuan to Uber's consumers.
The strategic cooperation agreement between Yongda and Uber marks Yongda becoming the Uber's first car dealer partner in China. Both parties will fully utilize their advantages in respective areas, share resources and joint hands to construct the business mode of "Automobile + Finance + Internet".
Yongda Auto is a leading luxury and ultra-luxury automobile dealer group in China, listed on Hong Kong Stock Exchange. Yongda has taken the lead in forming a complete industrial chain of automobile sales and service as "drive learning, auto purchase, auto sale, auto rent, auto repair and auto examination", and has become one of the automobile dealer groups with the largest scale, the most authorized brands, comprehensive services and dealer networks among the peers.
Uber is a global leading innovative technology enterprise, and the first real-time automobile utilization platform in the world with the most extensive coverage, via exclusive mobile internet technology, achieving calls for a car by pressing one key. Currently, Uber has accessed into nearly 300 cities of 55 countries and regions.
Mr. Xu Yue, President of Yongda Auto said, "Uber is the worldwide leading innovative corporation regarding mobile internet with strong brand impact and market appeal. We are glad to sign the strategic cooperation with Uber, and offer partners on Uber's platform with the most favorable automobile purchase price and services include after-sales services, loaning, and finance leasing, etc. In the future, we will positively explore and continuously deepen our cooperation in the areas such as new vehicle sales, pre-owned vehicle, automobile finance, after-sale service, automobile leasing and internet application, etc., to widen service area and function."
"In the world wide, Uber has achieved co-operations with many partners regarding automobile auto finance and vehicle sales, and has offered special price of automobile purchase finance for thousands of partners on Uber platform", Wang Xiaofeng, General Manager of Uber Shanghai, said, "In China, we are delighted to partner with Yongda, an automobile dealer group with tremendous strength and national leading position, to provide beneficial and diversified solutions for the automobile leasing companies on Uber."
Source: China Yongda Automobiles Services Holdings Limited
Sectors: Daily Finance, Automotive, Daily News
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