SAIC Motor, China Post to team up on vehicle procurement, auto finance, express & logistics

Shanghai (Gasgoo)- SAIC Motor on December 9 inked a framework agreement with China Post Group, a state-owned enterprise engaged in parcel delivery and post items, to carry out strategic collaboration on complete vehicle procurement, fleet operation, finance, express & logistics and market expansion, the Shanghai-based auto giant announced via its WeChat account.

In accordance with the agreement, SAIC Motor plans to provide China Post with its NEVs, including HEVs, BEVs and FCVs, vehicles running on gasoline or diesel and other bespoke vehicles, which will serve the fields like business travel, logistics, employer's personal trip and fleet operation. Besides, both parties intend to jointly popularize the applications of NEVs and intelligent vehicles.

As for the finance, the state-run automaker and delivery service provider are ready to team up on and co-explore company credit, trade finance, negotiable instruments and automotive finance that are associated with wholesale business, and industrial fund, auto loans to individual buyers as well as investment banking, etc.

Moreover, China Post will offer SAIC Motor such international services as consignment, freight forwarding, warehouse management and good delivery, as well as custom clearance at key ports and logistics service in some bonded zones.

Furthermore, China Post will help the automaker expand market countrywide with its service network and resources of media, customers, products, data and partners.

In fact, this was not the first-time cooperation formed between China Post and SAIC Motor. In September, 2018, the Chinese biggest automaker forged strategic partnership with China Postal Express & Logistics Co.,Ltd (also known as EMS), a subsidiary of China Post Group, to jointly promote "parcel-to-car", a new type of delivery service designed for car owners of the two-wheel-drive MARVEL X that allows EMS' couriers to place the parcels into the trunk (photo source: SAIC Motor's WeChat account).