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Stock impact report

Quhuo International Establishes Strategic Partnership in Azerbaijan: Promoting Chinese Electric Vehicle Exports and Enhancing Local Life Services

Quhuo Limited - American Depository Shares (QH) 
Company Research Source: PR Newswire
BEIJING, Sept. 4, 2024 /PRNewswire/ -- Recently, Quhuo International, the overseas division of Quhuo Limited (NASDAQ: QH), and GET Holdings established a strategic partnership in Azerbaijan with electric vehicle (EV) dealer Volt Auto and mobility platform Bolt. This strategic partnership aims to boost EV adoption, improve ride-hailing services, and enhance local lifestyle services, marking a key step in Quhuo International's global strategy.The global EV market is booming, with sales hitting nearly 14 million units in 2023, which accounted for one-fifth of total vehicle sales worldwide, as reported by the International Energy Agency (IEA). In response, Quhuo initiated its overseas division, Quhuo International, in 2023. This new division offers services including vehicle repair and inspection, value-added reconditioning, and cross-border B2B trading to used car dealers in China, EV manufacturers, and global distributors.Azerbaijan, strategically located on the "Belt and Road" initiati Show less Read more
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