QINGLING MOTORS (01122), Chongqing Traffic Equipment Financial Leasing, and Zunyi Xingjun Ling Auto Sales Enter Repurchase Agreement

Stock News
Sep 19

QINGLING MOTORS (01122) announced that on September 19, 2025, the company, financial leasing company Chongqing Traffic Equipment Financial Leasing Co., Ltd., and dealer Zunyi Xingjun Ling Auto Sales Co., Ltd. entered into a repurchase agreement. The repurchase targets include: (i) leased assets, which are a batch of new energy vehicles leased by the dealer from the financial leasing company under the financial leasing contract, totaling 51 vehicles; and (ii) lease receivables, which are the lease claims that the financial leasing company enjoys against the dealer under the financial leasing contract corresponding to the leased assets (including overdue unpaid rent and principal in all undue rent, but excluding other fees, penalties, damages, and residual purchase prices under the financial leasing contract), as well as related rights established by the financial leasing company to control the leased assets (including but not limited to corresponding mortgage claims established by the financial leasing company against the dealer for related leased assets).

In response to national policies and government requirements, the company actively explores technological innovation and business model transformation for new energy commercial vehicles, promoting deep integration of the industrial chain, innovation chain, and capital chain of new energy intelligent connected vehicles, and fostering the growth of the new energy commercial vehicle industry and market. Currently, although the company's new energy commercial vehicle sales have shown relatively rapid growth in the light commercial vehicle industry, overall sales volume remains relatively low. Given that new energy commercial vehicles generally have higher purchase costs, customers' usage of new energy commercial vehicles has gradually shifted from the traditional purchase model to leasing models. Therefore, the leasing model has become an important avenue for driving new energy commercial vehicle sales.

For this reason, the company has adopted the financial leasing model commonly used by domestic automotive enterprises, strengthening cooperation with financial institutions such as commercial banks and financial leasing companies to provide repurchase obligations for financing businesses where customers or dealers purchase the group's new energy vehicles. In this regard, the repurchase obligation under the repurchase agreement is essentially a performance credit enhancement guarantee provided by the company for its own product sales, and does not constitute pure third-party financing guarantees.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10