Jinbei Automotive Partners with JD.com for Auto Maintenance Shops

MT Newswires Live

11/26

Shenyang Jinbei Automotive (SHA:600609) signed a cooperative framework agreement with JD.com (HKG:9618) to boost auto maintenance shops, according to a Shanghai bourse filing on Tuesday.

The Chinese automotive parts manufacturer's shares rose over 2% at the close of Wednesday's trade.

The parties will cooperate in the operation of automobile maintenance shops. The online retailer will also serve as a non-exclusive marketing channel for Jinbei, as well as supply spare parts and services for newly added service shops.

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