Zhitong Finance APP learned that on December 16, Happy Auto (KXIN. US) announced that it has entered into a cooperation agreement with Beijing Bujia International Logistics Co., Ltd. (hereinafter referred to as "Bujia"), which has agreed to order at least 10,000 new energy trucks from Happy Automobile over the next 5 years, with a transaction value of more than $500 million.
It is reported that Bujia is China's leading automotive new retail logistics and service terminal platform. In the next five years, the company plans to establish 300 auto logistics transit warehouses and 1,000 automotive terminal distribution centers. In addition, Bujia will integrate a fleet of more than 60,000 delivery trucks to participate in logistics operations, of which new energy trucks account for no less than 30%.
In this regard, Lin Mingjun, chairman and CEO of Happy Automobile, said that China's new energy commercial vehicle market has great potential, and this is the first major sales order obtained by Happy Automobile's new energy vehicle division, and the company's research and development team is designing products to meet bujia's needs, which is expected to be released in the first quarter of next year.
As of press time, Happy Auto was up 22.58% at $1.52.
![Happy Automobile signed a framework agreement with Shencheng Biotechnology for 10,000 customized electric trucks[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)