· United Trucks signed a strategic cooperation agreement with CIMC Finance

Since its establishment, United Truck has experienced cyclical fluctuations in the industry. It has always insisted on seeking new changes and struggling. The sales amount has increased from 670 million yuan in 2012 to 2.2 billion yuan in 2017. The products have developed from the initial varieties to the U series. , E series and electric trucks, LNG trucks, fire trucks and other types of hundreds of varieties, the market share has steadily increased.

CIMC Finance Co., Ltd. has provided credit support for the first time since the establishment of the United Trucks, and provided various types of financial services such as loans and bills. With the development of United Trucks, the support of CIMC Finance Company has also been increasing. Today, the variety of financial services has also increased to more than a dozen of procurement financing, buyer credit, bill acceptance, bill discounting, working capital loans, guarantee letters, bank bills, funds and account management. The year-on-year expansion of the credit scale and the increase in the variety of financial services have effectively assisted the United Truck to achieve stable business turnover.

Market sales are the source of survival and development of enterprises. As a positive competitor of heavy truck industry, United Trucks, in addition to diversified and high-quality products, integrated truck financial services is also a powerful weapon to lay the market.

The buyer's credit business of CIMC Finance Co., Ltd. is a special financing provided for the terminal sales buyer of the enterprise. It is used to purchase goods and services from member companies, which not only eases the pressure on the end-users' funds, but also expands its financing channels and facilitates its access. Financial services can expand the operation; it can help member companies to enhance market competitiveness through “manufacturing superimposed finance”, expand sales, occupy the market, accelerate capital recovery, and optimize financial structure.

The buyer's credit business has been successfully operated in the CIMC vehicle segment, with a cumulative investment of more than 200 million yuan, which has been recognized by member companies and end customers. On this basis, CIMC Finance also started the buyer's credit business in the joint truck, assisting the combined trucks to effectively identify the customer risks, provide comprehensive service solutions for customers, effectively expand the market, obtain quality orders and expand market sales.

The year is in the spring, at the beginning of the new year, the finance company and the joint truck have completed the framework confirmation of comprehensive cooperation. In the future, the two sides will jointly promote the comprehensive development of various businesses to promote the integration of production, industry and finance in a new era. Continue to write a new chapter in cooperation and create new glory in the industry!