Up on deal with BYD for purchase of electric vehicles

Senmiao Technology

20/10/2020 15:01

** Automobile service provider's shares  AIHS.O  up 14.19%
at $1.6 
    ** Co enters into a deal with a unit of BYD Company Limited
 1211.HK , under which it will buy BYD's electric vehicles for
use in ride-sharing  urn:newsml:reuters.com:*:nPn1dCB5Ha
    ** As part of deal, AIHS expects to purchase at least 5,000
vehicles from 2020 to 2021 
    ** Co, , which is targeting the online ride-hailing industry
in China, says it will promote BYD's EVs for its leasing
customers and BYD will provide services such as charging station
priority and after-sales service 
    ** AIHS stock up 110.44% YTD

 (Reporting by Madhvi Pokhriyal in Bengaluru)
 ((Madhvi.pokhriyal@thomsoneuters.com))