Understanding the Market | XXF Group rises nearly 4% as it deepens strategic cooperation with Tuhu Car Maintenance in the automotive service sector

XXF rose nearly 4%, as of the time of writing, up 3.82%, reported at HKD 15.78, with a transaction volume of HKD 17.1579 million. In terms of news, recently, XXF held a strategic signing ceremony with Tuhu in Shanghai. The signing of this strategic cooperation agreement marks the official launch of in-depth cooperation between the two parties in the automotive service field. According to the cooperation agreement, both parties have reached comprehensive cooperation in the maintenance and servicing of fuel vehicles and new energy vehicles. Tuhu will rely on its nationwide offline service network and professional service team to provide nationwide one-stop services such as maintenance, servicing, and tire replacement for XXF's vehicles, ensuring that various rental vehicles (including new energy vehicles) of XXF can receive timely and professional maintenance and servicing. In addition, both parties have also actively discussed future in-depth cooperation in the testing and maintenance services of the three electric systems of new energy vehicles. Based on the cooperation advantages of XXF and the manufacturers, both parties will work together to promote and increase the layout of new energy battery services, striving to achieve greater cost advantages in the future in areas such as after-sales maintenance of new energy vehicles, insurance claims, and quick repairs and maintenance