SHANGHAI, Jan. 26,
2024 /PRNewswire/ -- On January 17, 2024, Caocao Mobility and Cango
embarked on a strategic partnership in smart mobility to explore
areas including new car sales, used car transactions, financing
services, and mobility offerings, marking the occasion with a
signing ceremony. The parties are committed to fostering a
next-generation smart mobility ecosystem by fully leveraging their
respective advantages and resources and embracing their
synergies.
The signing ceremony was attended by key management
representatives from both parties, with the agreement inked by Mr.
Liqun Liu (front row, left), Head of
Caocao Automotive Center, and Mr. Meng
Xu (front row, right), Head of Cango U-Car, and witnessed by
Mr. Xin Gong (back row, left), CEO
of Caocao Mobility, and Mr. Jiayuan
Lin (back row, right), CEO of Cango, accompanied by key
executives including Mr. Mingjia Xu,
Head of Cango U-Car Institutional Cooperation Department.
Caocao Mobility, a frontrunner in shared mobility in
China, is steadfastly committed to
providing users with smarter, greener, and healthier mobility
services and experiences. Cango is a leading automotive transaction
services platform founded in 2010. With auto financing facilitation
as its launchpad, Cango has established a strong presence through
its expansive and firmly rooted channel network across lower-tier
cities and county-level markets, weaving a rich fabric of
expertise, experience, and a wealth of resources in auto
transactions and after-market services. As Cango's all-in-one car
trading service platform, Cango U-Car offers a comprehensive
one-stop solution for all stakeholders along the automotive
transaction industry value chain. This strategic alliance between
the two parties is geared toward complementary development to drive
further market expansion.
"We are thrilled about this strategic partnership with Cango.
Cango boasts a rich tapestry of expertise and resources underpinned
by substantial experience in the automotive transaction sector. We
eagerly anticipate empowering Caocao Mobility's service
capabilities and user experiences with Cango's extensive channel
network and resources," said Mr. Xin
Gong, CEO of Caocao Mobility, during the heartfelt signing
ceremony.
Mr. Jiayuan Lin, CEO of Cango,
also expressed his expectations for the partnership, stating, "By
collaborating with Caocao Mobility, we envision delivering smarter
mobility services that offer unparalleled convenience for users.
Maximizing the distinctive strengths of our channel networks and
automotive resources, we are committed to actively pursuing new
business opportunities and unlocking greater market potential
together with Caocao Mobility."
Moving forward, Caocao Mobility and Cango will elevate this
shared commitment, capitalizing on each other's strengths to
integrate their respective advantages, refine the automotive supply
chain service ecosystem, and jointly spearhead the application and
widespread adoption of smart ride-hailing services in the shared
mobility sector. This concerted effort aims to enhance the quality
and ease of mobility services for all users.
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SOURCE Cango Inc.