·Chanje and Ryder reached an agreement to establish an exclusive sales channel and service network

On August 14, Changjiang Automobile's parent company Wulong Electric Vehicle (00729.HK) announced that Wulong Electric Vehicle has entered into a strategic cooperation agreement with the US joint venture company Chanje and the US Fortune 500 and Ryder, a leading auto service company in the US. Ryder will become Chanje's exclusive sales channel partner and service provider for electric commercial vehicles.
As part of the strategic partnership, Chanje has received Ryder's first orders, the first of which will be distributed to Ryder's US outlets and will be available to "ChoiceLease" customers in the coming weeks. In addition, some of the new cars will be included in Ryder's commercial rental fleet, giving customers the opportunity to experience Chanje's advanced automotive technology for a short time. Furthermore, integrated and preventative maintenance solutions will be offered to Chanje's new car as part of Ryder's "SelectCare" fleet maintenance portfolio.
Ryder is a Fortune 500 company that combines commercial fleet management, dedicated transportation and supply chain solutions. The company offers state-of-the-art service facilities, 5,900 professional technicians, and is committed to excellence in quality, safety, speed and visibility. Ryder offers a wide range of automotive-type maintenance products to meet the flexibility needs of enterprise-level customers to ensure their fleets operate throughout their life cycle.
The partnership with Ryder will give Chanje a mature maintenance network covering the entire United States. Through Ryder's “SelectCare” maintenance, Chanje will be able to maximize vehicle uptime and reduce costs, thus effectively protecting the business of their customers. Chanje will also work with Ryder to build a car charging infrastructure that uses renewable energy as its core.
Chanje CEO Bryan Hansel said, “This is the first time we have introduced commercial power mobility to the US logistics industry on a large scale, so we need to find the right partners to provide professional help, so that we can enter the market more quickly. Ryder's flexible fleet management solutions and commitment to improving business traffic efficiency are directly in line with our vision. We believe we can rely on Ryder to meet the unique service needs of electric vehicles, as Ryder's professional and comprehensive business vehicle solutions will have Conducive to the rapid application of electric commercial vehicles."

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