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Senmiao Technology Signs a Strategic Cooperation Agreement with Changsha Yipeng to Develop an AI-Backed Data Management System for Online Ride-Hailing Service Providers

1. Senmiao signs cooperation agreement with Changsha Yipeng for AI-based data system. 2. The new system aims to enhance ride-hailing management efficiency. 3. Historical data from Senmiao will be utilized in system development. 4. Senmiao seeks new revenue sources post-sale of its ride-hailing platform. 5. CEO emphasizes importance of data for future operational success.

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Why Bullish?

The strategic partnership indicates a forward-looking growth strategy using AI. Previous initiatives that leveraged data have often led to increased investor confidence and stock performance.

How important is it?

The cooperation agreement may signal future growth prospects, making it relevant to investors.

Why Long Term?

Development and deployment of the AI system may take time but can establish sustainable competitive advantage, as seen in tech partnerships in the past.

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APRNLYFTUBER
June 13, 2025 07:30 ET  | Source: Senmiao Technology Limited CHENGDU, China, June 13, 2025 (GLOBE NEWSWIRE) -- Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China, today announced that it has signed a strategic cooperation agreement (the “Agreement”) with Changsha Yipeng Information Technology Co., Ltd. (“Changsha Yipeng”) to jointly develop an AI-backed data management system aiming to improve efficiency of online ride-hailing management platforms. Changsha Yipeng has over a decade of experience in developing integrated AI-based information systems, big data, and cloud platforms for government and private entities in China, across a variety of sectors. Pursuant to the Agreement, Changsha Yipeng will utilize Senmiao’s data (related to drivers, vehicles and riders) from its historical operating information, to develop an AI-backed data management system to facilitate the collection and analysis of data and ultimately provide online ride-hailing service providers with efficient and safe ways to operate their service vehicles. Along with the development of the project,, both parties will jointly seek necessary financing for its full development and deployment. Xi Wen, Senmiao’s Chairman and Chief Executive Officer stated, “Following the recent sale of our online ride-hailing platform, we have been actively exploring ways to utilize the vast amount of data we have gathered over the years to generate new revenue sources for Senmiao. We are excited to be working with Changsha Yipeng towards the development of an advanced AI platform to achieve this goal.” About Senmiao Technology Limited Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees and other automobile transaction services in China. For more information about Senmiao, please visit: http://www.senmiaotech.com. Senmiao routinely provides important updates on its website. Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements (including those relating to the operation of Senmiao’s ride-hailing platform) are subject to significant risks, uncertainties and assumptions, including those detailed from time to time in the Senmiao’s filings with the SEC, and represent Senmiao’s views only as of the date they are made and should not be relied upon as representing Senmiao’s views as of any subsequent date. Senmiao undertakes no obligation to publicly revise any forward-looking statements to reflect changes in events or circumstances. For more information, please contact: At the Company:Yiye ZhouEmail: edom333@ihongsen.com Phone: +86 28 6155 4399 © 2025 Senmiao Technology Ltd. All rights reserved.

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