1. Autozi launched a cross-border supply chain platform in Europe. 2. Sales of 300 to 500 vehicles per month achieved during trials. 3. Targeting over 5,000 monthly sales by 2026 with European expansion. 4. New fiscal strategy emphasizes mergers, acquisitions, and digital integration. 5. Comprehensive after-sales services planned to support market growth.
FAQ
Why Bullish?
The launch of the European platform suggests potential revenue growth and market expansion.
How important is it?
The expansion strategy directly influences AZI's market positioning and revenue potential.
Why Long Term?
As the company builds its presence, sustained sales growth is likely, impacting long-term profitability.
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Autozi (NASDAQ: AZI) Launches Cross-Border Supply Chain Platform in Europe
Autozi Internet Technology (Global) Ltd. (NASDAQ: AZI), a prominent player in the lifecycle automotive service and supply-chain technology sector in China, has officially unveiled its cross-border supply chain platform in Europe. This strategic launch aligns with the Company's recent fiscal year development strategy and global business roadmap aimed at strengthening its international presence.
Successful Trial Operations and Future Sales Goals
During the trial phase over the past several months, the Autozi platform recorded sales of approximately 300 to 500 Customized Passenger Vehicles (CPV) and Special-Purpose Vehicles (SPV) monthly. Looking towards expansion, Autozi’s European partner, Tianjin MaShang Haoche Information Technology Ltd. (Tianjin Velocar Ltd.), has ambitious plans to widen business coverage across all European regions by 2026, with monthly sales targets exceeding 5,000 units.
This expansion will be bolstered by comprehensive after-sales services, which include parts supply and maintenance technical training to enhance vehicle performance for customers. This initiative is pivotal to the initial execution of Autozi's new fiscal year strategy and is expected to hasten the Company’s global development.
About Tianjin MaShang Haoche Information Technology Ltd.
Founded in September 2019, Tianjin MaShang Haoche focuses on developing innovative vehicle supply chain cloud platforms and establishing offline warehousing and logistics systems. By leveraging digital technologies and online supply chain financial services, the Company provides tailored specialty vehicle sales and services to auto dealers and multi-brand showrooms, primarily in China’s lower-tier markets, achieving annual sales in the tens of thousands.
In 2024, Tianjin MaShang began its international growth, choosing Europe as its initial pilot market.
Strategic Insights and Future Directions for Autozi
On November 12, 2024, Autozi presented its new fiscal year strategy, which emphasizes a focus on the CPV and SPV segments along with related aftermarket parts supply. The Company is initiating a series of mergers, acquisitions, and integrations as part of its strategy. Autozi aims to enhance partnerships through three core services:
- Capitalized Integration
- Digitalized Upgrade
- Globalized Expansion
Through the consolidation of high-quality industry resources, Autozi aims to develop a comprehensive global end-to-end digital supply chain platform and an online supply chain financial services platform, fostering significant business growth and amplifying shareholder value.
About Autozi Internet Technology (Global) Ltd.
Established in 2010, Autozi has rapidly evolved into a leading automotive service and technology platform in China. The Company offers a wide array of high-quality and cost-effective automotive products and services via integrated online and offline avenues. By leveraging its advanced supply chain cloud platform and innovative SaaS solutions, Autozi has created an interconnected ecosystem that enhances collaboration and efficiency within the automotive supply chain.
Forward-Looking Statements
This release includes forward-looking statements about future outcomes and objectives. These statements are based on current evaluations and are subject to risks and uncertainties that may cause actual results to diverge materially from expectations. Details regarding these risks can be found in Autozi's filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F and Current Reports on Form 6-K. Autozi does not commit to updating these statements except as required by legal obligations.