BYD and JD.com reach strategic cooperation to accelerate the transformation and upgrading of China's automobile industry chain

According to BYD officials, on March 16, BYD and JD.com formally signed a strategic cooperation agreement at JD.com’s headquarters in Beijing. BYD Chairman and President Wang Chuanfu and JD Group CEO Xu Ran jointly witnessed the signing. BYD Purchasing Department General Manager Wang Bo and JD Group Executive Vice President Wang Peinuan signed the contract on behalf of both parties respectively.

##Li Wei, Director of BYD President’s Office, Tian Chunlong, General Manager of BYD Commercial Vehicle Division, Hu Wei, CEO of JD Logistics, and Song Chunzheng, CEO of JD Industry, attended the ceremony.

BYD is an international company spanning the four major industries of electronics, automobiles, new energy and rail transportation. In 2023, its passenger car sales exceeded 3 million units, ranking first in the domestic automobile industry and retaining the title of The sales champion of car companies in the Chinese market and the global new energy vehicle market sales champion.

Jingdong Group is positioned as a technology and service enterprise based on the supply chain. Its business involves retail, technology, logistics, health, manufacturing, industry, private brands, insurance and international business, etc., with solid and innovative The development experience of new entity enterprises helps the high-quality development of the real economy and builds sustainable growth.

BYD Chairman and President Wang Chuanfu said that the electrification of China's automobile industry has entered the fast lane in the first half. BYD has seized the opportunities of the times with its strong independent research and development and new energy vehicle core technology.

BYD hopes to take this strategic signing as an opportunity to complement each other's advantages, continue to deepen cooperation, and rely on JD.com's advanced supply chain technology and service capabilities to jointly promote the transformation and upgrading of China's automobile industry chain and help new energy vehicles accelerate their overseas expansion. pace to continuously enhance the international competitiveness of Chinese automobiles.

Jingdong Group CEO Xu Ran said that based on its strategic positioning and digital and intelligent supply chain advantages, Jingdong Group will serve the automotive industry as its focus and initially cultivate a "production-supply-sales" model for the automotive industry. It has two major service capabilities: the supply chain digital operation service of "-Service" and the "buy-part-maintenance-use-replacement" full life cycle service for car owners. It is hoped that both parties will further accelerate business expansion and deepen cooperation, and work together to help the automotive industry chain and supply chain achieve high-quality development.

Based on their respective advantages and profound accumulation in the industrial field, the two parties will comprehensively cooperate in passenger car-related fields, commercial vehicle scenario applications, digital and intelligent supply chain services, material procurement and comprehensive services.

Taking logistics and transportation as an example, BYD Commercial Vehicles relies on the group's leading hybrid technology, high-safety blade batteries, and high-efficiency special engines to revitalize new energy logistics light truck products and meet the needs of green logistics with significant TCO advantages. Scenario transportation needs; at the same time, the fleet cloud service integrated management system cooperates with JD Logistics' digital supply chain and automated warehousing system to achieve real cost reduction and efficiency improvement, and play a leading role in the development of the logistics field.

At present, the trend of new energy vehicles is unstoppable and is in a critical period from quantitative change to qualitative change. BYD and JD.com's businesses are highly complementary and will firmly seize cooperation opportunities to serve users and the market through leading products and first-class services. , create greater value for Chinese automobiles, and work together to inject great impetus into the overseas expansion of Chinese brands.

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