CarNuxt Establishes Strategic Partnership in Azerbaijan: Promoting Chinese Electric Vehicle Exports and Enhancing Local Life Services

Recently, CarNuxt and GET Holdings established a strategic partnership in Azerbaijan with electric vehicle (EV) dealer Volt Auto and mobility platform Bolt. This strategic partnership aims to boost EV adoption, improve ride-hailing services, and enhance local lifestyle services, marking a key step in CarNuxt's global strategy.

The global EV market is booming, with sales hitting nearly 14 million units in 2023, which accounted for one-fifth of total vehicle sales worldwide, as reported by the International Energy Agency (IEA). In response, CarNuxt offers services including vehicle repair and inspection, value-added reconditioning, and cross-border B2B trading to used car dealers in China, EV manufacturers, and global distributors.

Azerbaijan, strategically located on the "Belt and Road" initiative and a vital Eurasian transport hub, offers significant advantages. As the host of the upcoming 29th United Nations Climate Change Conference (COP29), the country is actively encouraging new EV development. Capitalizing on this opportunity, CarNuxt is introducing Chinese-made electric vehicles to meet the increasing local demand in Azerbaijan.

Additionally, CarNuxt has teamed up with Bolt, a well-known global mobility platform, to provide sales, lease-purchase options, as well as short-term and long-term EV rental services. This partnership aims to address the transportation needs of both local residents and tourists, enhance their driving experience, and ultimately increase public acceptance of EVs.

The ride-hailing industry in Azerbaijan is experiencing significant growth, with a 14% increase in users over the past five years, according to Statista. With over five years of experience and strong ties to China's leading ride-hailing platforms, CarNuxt's operations team is well-positioned to capitalize on this growth. It is ready to introduce industry-leading services and technology to the Azerbaijani market.

CarNuxt will offer comprehensive ride-hailing operational systems for the Azerbaijani market, including both online software services and offline management support. For online aspects, it will provide SaaS business services tailored to meet local needs accurately. Offline, it will apply its successful experience and proven management models to help establish a localized ride-hailing operation management team. This dual approach is designed to fast-track the positive growth of Azerbaijan's ride-hailing market.

In addition, CarNuxt will help expand local life services in Azerbaijan, ranging from food delivery to group purchasing programs for daily needs. With over a decade of experience in local life services, CarNuxt uses advanced big data analytics to effectively match service providers with the local workforce. Leveraging its extensive experience and technology, CarNuxt aims to enhance the standard and quality of life services in Azerbaijan.

CarNuxt's strategic initiatives in Azerbaijan highlight its dedication to empowering the local market. As the partnership progresses, it is anticipated to create new job opportunities and spur economic growth in Azerbaijan, providing residents with access to more efficient and eco-friendly transportation and lifestyle services. This collaboration is a significant milestone in CarNuxt's global expansion. Having already formed alliances with 58 overseas distributors, CarNuxt leverages its innovative "Industry + Internet" model to generate value-added opportunities for stakeholders in the global automotive sector and advance international automobile trade.

Mr. Bo Liang, CEO of CarNuxt, said: "We are thrilled to establish this strategic partnership. Azerbaijan, a crucial nation along the 'Belt and Road' initiative, offers significant growth potential in both the EV and ride-hailing sectors. CarNuxt is dedicated to utilizing our expertise in global automotive trading and mobility solutions to meet Azerbaijan's increasing need for efficient and sustainable transportation options."