CHENGDU, China, June 13, 2025 — Senmiao Technology Limited (“Senmiao” or the “Company”) (Nasdaq: AIHS), a Chinese financing and service provider for the online ride-hailing sector, has announced a strategic cooperation agreement (the “Agreement”) with Changsha Yipeng. The collaboration aims to jointly develop an AI-powered data management system to enhance the efficiency of online ride-hailing management platforms.
Changsha Yipeng brings over a decade of experience in creating integrated AI-based information systems, big data solutions, and cloud platforms for both government and private organizations across various industries in China.
Under the Agreement, Changsha Yipeng will leverage Senmiao’s historical operating data, including information on drivers, vehicles, and riders, to build an AI-backed data management system. This system will facilitate data collection and analysis, ultimately providing online ride-hailing service providers with efficient and safe methods for managing their vehicles. Both parties will also collaborate in seeking funding for the project’s full development and implementation.
Senmiao’s Chairman and Chief Executive Officer, Xi Wen, commented, “Following the recent sale of our online ride-hailing platform, we are actively seeking ways to leverage the extensive data we have accumulated over the years to create new revenue streams for Senmiao. We are excited to partner with Changsha Yipeng to develop an advanced AI platform to achieve this objective.”
About Senmiao Technology Limited
Senmiao, headquartered in Chengdu, Sichuan Province, offers automobile transaction and related services in China. These services include automobile sales, facilitation and services for automobile purchases and financing, management, operating leases, guarantees, and other automobile transaction services. For more information about Senmiao, please visit: . Senmiao routinely provides important updates on its website.
Cautionary Note Regarding Forward-Looking Statements
This 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 Zhou
Email:
Phone: +86 28 6155 4399
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