CarNuxt and Karry New Energy Auto Join Forces to Boost Karry’s First Global Expansion, Build New Operational Model for International Dealers

CarNuxt has entered into a strategic partnership with Karry New Energy Auto (“Karry”), a business unit under Chery Holding Group, jointly building international operation models for China’s new energy vehicles.

The latest cooperation marks CarNuxt’s strategy to further develop its business lines across various verticals and help selected domestic industry players to expand globally with the Company’s international expertise and resources. CarNuxt and Karry will work to establish a new business operating model for overseas dealers in the new energy automobile market, based on Karry’s years of experience in the domestic market and CarNuxt’s channels and smart management platforms.

In order to enhance their international brand images, the two companies will promote a selection of new energy products that correspond with market trend.

The cooperation has brought CarNuxt a stable source of new energy vehicles, which is expected to improve the Company’s service quality for its diverse business offerings.

As part of the partnership, Karry will utilize its “HAPPY dealership model,” an innovative framework that integrates traditional vehicle sales, rental, and data services to facilitate a wide range of operational scenarios. Such a model offers solutions covering automobile purchases, shipping, and ride-hailing operations.

To better streamline services, Karry has developed an application and a big data platform to consolidate resources and serve as a comprehensive business platform for partners and drivers. Through the HAPPY dealership model, Karry aims to boost the development of the new energy vehicle industry and offer a more eco-friendly and efficient way of traveling.

The latest partnership will build up industry synergy by combining the strengths of the two firms. CarNuxt’s international resources, operational and marketing channels, along with the Company’s signature oTMS shipment platform and its executives’ years of overseas experience, are expected to benefit Karry.

In order to facilitate easier operations for dealers, CarNuxt and Karry plan to build the HAPPY dealership model, which is expected to meet the demand for automobile.

The new model is expected to solve for overseas dealers the issues of importing, shipping, stocking, transporting and shipping capacity management, which will come in handy for overseas dealers when they coordinate vehicle managers and drivers.

The partnership marks an important recognition by domestic automobile firms of CarNuxt’s internet-based solutions.

“The strategic partnership between Karry and CarNuxt is an important move for Karry New Energy to go global as we expand the international market while strengthening the domestic market,” said Zhao Weihua of General Manager of Karry New Energy Auto.

“We’re pleased to join forces with Karry New Energy. We will offer efficient and smart solutions to facilitate dealers’ services to end customers. We believe the partnership will set a new standard for international distributors,” said Bo Liang, CEO of CarNuxt.