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Senmiao Technology Announces Signing of Framework Agreement with BYD to Purchase and Jointly Promote Electric Vehicles for Ride-Sharing

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CHENGDU, China, Oct. 20, 2020 /PRNewswire/ — Senmiao Technology Limited ("Senmiao") (NASDAQ: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced the signing of a Framework Agreement with BYD Auto Sales Co., Ltd., a wholly owned subsidiary of BYD Company Limited ("BYD",(HK:1211)), for the sale of BYD manufactured electric vehicles ("EVs") to Senmiao and joint promotion of EV vehicles for utilization in China’s ride-sharing or ride-hailing market.

Under the agreement, Senmiao has agreed to promote and give priority to BYD’s EVs for its leasing customers utilizing the vehicles for the purposes of ride-sharing, while BYD will provide favorable pricing, financial support, charging station priority, marketing, and after-sales service. As part of the agreement, Senmiao will provide an initial deposit and expects to purchase at least 5,000 vehicles from 2020 to 2021 to support expected ride-sharing growth.

Senmiao currently ranks first in the ride sharing market in large Chinese cities Chengdu (based in Sichuan Province with a population over 16 million) and Changsha (based in Hunan province with a population over 8 million).  Senmiao has focused on growing its leading position in its core markets, and believes this agreement will help to accelerate its growth given the high demand for EVs and energy efficient automobiles.

In April 2020, China announced a Three-Year-Blue-Sky-Action Plan to accelerate the adoption of EVs. In addition, following the impact of the COVID-19 pandemic, China extended monetary incentives and prolonged purchase-tax exemptions of new EVs through 2022.

BYD is one of the largest manufacturers of automobiles, battery-powered bicycles, buses, trucks, forklifts, solar panels, rechargeable batteries, and most notably mobile-phone batteries.

Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, "We are delighted to enter into this framework agreement with such a well-regarded company as BYD as we continue to promote the use of EVs in public transportation. We feel that the combination of our position in the ride-sharing markets where we operate along with the demand for EVs in China generally will be an exceptional fit for our customers. Our goal is to provide a wide range of financing and leasing options as we build out Senmiao’s network throughout China, and agreements such as this are instrumental to achieving appropriate scale."

Weiming Zhang, the vice general manager of BYD Auto Sales Co., Ltd. noted, "We are pleased to partner with Senmiao and look forward to supporting the expansion of EV automobiles in the ride-sharing market."

The framework agreement sets out the general terms of the parties intentions for their collaboration, with the goal reaching a more definitive agreement as the collaboration matures.

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services aimed principally at the growing ride-sharing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com.

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements also are subject to risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. 

For more information, please contact:

At the Company:
Yiye Zhou
Email: [email protected]
Phone: +86 28 6155 4399

Investor Relations:

The Equity Group Inc. 
Adam Prior, Senior Vice President 
(212) 836-9606  
[email protected] 

In China
Lucy Ma, Associate
+86 10 5661 7012
[email protected]

© 2020 Senmiao Technology Ltd.  All rights reserved.

 

Related Links :

http://www.senmiaotech.com

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Global Herpes Treatment Market to Grow by $ 677 Million During 2020-2024 | Highlights Key Segments and Regions of Growth | Technavio

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The herpes treatment market is expected to grow by USD 677.02 million, progressing at a CAGR of almost 4% during the forecast period.

For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

The increasing prevalence of herpes infection is one of the major factors propelling the market growth. However, factors such as the highly genericized market will hamper growth.

More details: https://www.technavio.com/talk-to-us?report=IRTNTR44343

Herpes Treatment Market: Type Landscape

Based on the type, the market saw maximum growth in the herpes zoster segment in 2019. This is due to the rising prevalence rate of herpes zoster and expected drug launches for the treatment of the condition. Also, factors such as the rising number of immunocompromised people and the increasing older population are contributing to the growth of the segment. The market growth in the segment will be significant over the forecast period.

Herpes Treatment Market: Geographic Landscape

By geography, Asia is going to have a lucrative growth during the forecast period. About 38% of the markets overall growth is expected to originate from Asia. Factors such as the high prevalence rate of herpes infection, increased awareness, and entry of new players are fostering the growth of the herpes treatment market in Asia.

Japan is the key market for herpes treatment in Asia. Market growth in this region will be faster than the growth of the market in other regions.

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Related Reports on Health Care Include:

Global Shingles Vaccine Market – Global shingles vaccine market is segmented by type (recombinant vaccines and live-attenuated vaccines) and geography (Asia, Europe, North America, and ROW). Click Here to Get an Exclusive Free Sample Report

Global Bone Cancer Drugs Market – Global bone cancer drugs market is segmented by indication (osteosarcoma, Ewing’s sarcoma, chondrosarcoma, and other bone cancers) and geography (Asia, Europe, North America, and ROW). Click Here to Get an Exclusive Free Sample Report

Companies Covered:

  • Bausch Health Companies Inc.
  • Cipla Inc.
  • Eli Lilly and Co.
  • Gilead Sciences Inc.
  • GlaxoSmithKline Plc
  • Maruho Co. Ltd.
  • Merck & Co. Inc.
  • Mylan NV
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Herpes zoster – Market size and forecast 2019-2024
  • Herpes simplex – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Asia – Market size and forecast 2019-2024
  • ROW – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive Scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Bausch Health Companies Inc.
  • Cipla Inc.
  • Eli Lilly and Co.
  • Gilead Sciences Inc.
  • GlaxoSmithKline Plc
  • Maruho Co. Ltd.
  • Merck & Co. Inc.
  • Mylan NV
  • Novartis AG
  • Teva Pharmaceutical Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

 

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The Public Relations Network (Asia Chapter) to offer regional intelligence & local expertise to industries benefiting from the recently-signed RCEP amid COVID-19 Challenges

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HONG KONG SAR – Media OutReach – 30 November 2020 – With the signing of the Regional Comprehensive Economic Partnership (RCEP) on 15 November 2020, the Asia Chapter members of Public Relations Network (PRN) are prepared to provide all-round and cross-border support to various industries from participating nations of RCEP in regards of business development and investment.

PRN Asia Chapter is formed by profound local PR agencies across Asia. With this tightly-knit network of PR experts, chapter members align to provide effective, efficient, and think-out-of-the-box solutions across the region. With all local teams on board, PRN Asia Chapter is well-positioned to offer hands-on and ready-to-deploy services, from media relations and digital campaigns, to event management and crisis communications to industries who will blossom as a result of the RCEP.

Under the impact of COVID-19, demand for public relations solutions has risen to new height. With all kinds of new normal in place, being highly-flexible and mobile, the ability to mobilize regional connections swiftly and to establish new game plans as a result of changing market demands are all crucial to enterprises.

Ms Belinda Chan, Chairperson of the PRN Asia Chapter, and Managing Partner of Creative Consulting Group in Hong Kong: “The RCEP will drive the shift of economic engine to Asia. With our strong foothold in strategic locations across the region, we, together, represent a one-of-a-kind PR think-tank for enterprises that are drawn to tap into the market benefits.”

Mr Jacky Cheng, CEO of CommNow in Shanghai: “This RCEP can help China building closer trade relations with Asian countries, which will eventually help Chinese companies to find their new markets. This is very crucial under the current circumstances.”

Ms Stacy Ang, Director of The Right Spin in Singapore: “The RCEP has unlocked new levels of market access in Asia. As agencies that can move expeditiously in our own markets while implementing cross-border plans collectively, our network offers the desired nimbleness, synergy and competence for businesses to spread their wings and capture opportunities as they emerge.”

Ms Sharon Wu, Managing Director of SWEM Consulting Group in Taipei: “Although Taiwan have not become RCEP members, but Taiwan government have very good tax policies for import trade between Japan and ASEAN countries. We believe Taiwan and Asia-Pacific brands can depend on PRN Asia members support and RCEP policy, win more business successful and more opportunities for brand grow up in the future.”

Ms Sarah Song, Managing Director of Integra Communications in Seoul: “We will work together more closely and strengthen our network with cooperation and synergy in terms of communication through RCEP. Our role as an Asian network will bring our professionalism and creativity to form a solid partnership and new perspectives to work in a new era that will grow with future economic development.”

Ms Pacharee Pantoomano, Managing Director of Brandnow.asia in Bangkok: “RCEP will undoubtedly create economic vibe within the region and now is definitely the right time to make an entry into the market. With our strong base in Thailand and in Asia as part of PRN, we can offer market consultation and research as well as business matching to clients at large. With local intelligence in place, we aim to enable clients to benefit from RCEP more effectively and cost-efficiently.”

Ms Clāra Ly-Le, Managing Director of EloQ Communications in Ho Chi Minh City: “I am proud that this RCEP partnership was signed at the ASEAN Summit hosted in my country Vietnam. I have high hopes in this partnership and expect that it will help many industries recover from the COVID-19 crisis. As a member of PRN Asia Chapter, we are proud to work with fellow members to deliver top-notch services for clients from countries coming from the RCEP, from market entry to well-rounded integrated marketing campaigns.”

About Public Relations Network (PRN)

Public Relations Network (PRN) is a global collective of like-minded, owner-managed Public Relations agencies providing consultancy and local support for international PR campaigns. PRN has agency members in Austria, Brazil, Canada, China — Mainland, China — Hong Kong, Czech Republic, Denmark, Finland, France, Germany, Greenland, Italy, Mexico, Morocco, Panama, Poland, Portugal, Singapore, Slovakia, South Korea, Spain, Switzerland, Taiwan, Thailand, the UK, the USA, and Vietnam. For more info, please visit: www.pr-network.biz.

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Blake Dair Announces New Managing Partner

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SINGAPORE – Media OutReach – 1 December 2020 – Blake Dair Consulting Pte Ltd, the Singapore based front office trading and technology specialist recruitment company, would like to announce that Nafisa Manasawala will be appointed as Managing Partner of the business from 1st December 2020.

Nafisa has more than 20 years experience in top tier banking as a successful private banker, executive search recruiter and internal talent acquisition specialist. She has worked with banks like Merrill Lynch, Standard Chartered, Credit Suisse and Morgan Stanley. Nafisa combines team management experience with hands-on recruitment experience and deep business understanding, making her a trusted strategic partner in talent management and acquisition.

Nafisa commented, “I am excited to join an established recruitment firm such as Blake Dair Consulting and keen to contribute to the growth of the company through exceptional client service and candidate advisory. My first priority is to build the team selectively, to deepen our experience pool and enhance our market reach.”

“Nafisa joining is fantastic for the team at Blake Dair,” says James Ient, the Founding Shareholder. “The experience Nafisa brings to Blake Dair really helps us achieve our objective of being the preferred employer and preferred vendor in this sector.”

Blake Dair Consulting is a specialist recruitment firm operating in Singapore since 2011 that services clients with roles in Japan, Hong Kong, Malaysia and Singapore in Front Office, Trading and Trading Technology.

+65 67213050

[email protected]

www.bdc.sg

 

Employment Agency License: 11C2852

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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