China Post Group and Beijing Automotive Group Co., Ltd. (BAIC) signed a strategic partnership framework agreement today. Present at the ceremony were Liu Aili, Chairman of China Post Group, Zhang Jinliang, President of China Post Group, Kang Ning and Zhang Ronglin, Vice Presidents of China Post Group, Xu Heyi, Chairman of BAIC, Zhang Xiyong, President of BAIC, Jiang Zili and Zhang Jianyong, Vice Presidents of BAIC. Zhang Jinliang and Zhang Xiyong signed the agreement on behalf of both parties.

According to the agreement, these two Fortune Global 500 companies will make full use of their respective core competitiveness, and carry out in-depth cooperation in market expansion, vehicle procurement and vehicle operation, financial sector, express and logistics, service system co-construction, integrated plant service, customer care and delivery service, to achieve mutual growth.

In market expansion, the two parties will cooperate in “micro auto shows” to boost the market expansion of BAIC. As for vehicle procurement, BAIC will fulfill the diverse needs of China Post for official vehicles, employees’ personal vehicles and vehicles used in production. In terms of financial services, the two parties will deepen cooperation in eleven areas including wholesale business, settlement and cash management, industry investment funds, personal auto loans, personal finance, pre-installation of OBU (On-Board Unit) for ETC, investment banking services, financing services for auto dealers, employees’ benefits and welfare, securities investment and financing, and capital operation as well. In terms of delivery and logistics, the two parties will form an overall logistics partnership, and will carry out business cooperation in supply side, production side and sales side of the automobile industry chain. In the aspects of service system co-construction, plant service, delivery support and customer care, the two parties will jointly explore the construction of the service network system for new energy vehicles. They will integrate automobile culture with postal culture and jointly build "Beijing Auto Theme Post Office". They will also strengthen communication and cooperation in aircraft delivery, and build integrated online and offline brand promotion and customer retention system.

To the signing of this agreement, Liu Aili said, China Post has evolved into a conglomerate that both fulfills the obligations of universal postal services and special services, and operates modern express and logistics services as well as modern financial services like banking, insurance, securities and fund service; such a diversified conglomerate has its unique channel advantages and advantages in the integration of business forms. Adhering to its development strategies of openness and cooperation, China Post has actively cooperated with relevant national ministries, local governments, large domestic and foreign enterprises in recent years, and achieved good results. Built on the existing cooperation, this agreement will facilitate both parties to expand their strategic partnership, and will also help further develop their respective advantages, promoting mutual complementarity and mutual benefit. China Post will further integrate the resources of the whole network, continuously improve its service quality, and strive to provide BAIC with premium integrated services.

According to Xu Heyi, BAIC is implementing its high, new and special development strategy in accordance with the requirements for high quality development, vigorously pushing forward “two-wheel drive” strategy of both comprehensive EV development and intelligent connection, and striving to forge BAIC into a well-established brand. Facing the accelerated upgrading of the automobile industry and the travel market in the new era, BAIC commits to transforming from the producers of travel tools to the providers of integrated travel solutions. It will focus on model innovation, actively explore the open cooperation of the ecosystem, and foster the new model of quality consumption. The strategic partnership with China Post will add fuel to the comprehensive improvement of BAIC in brands, products, technologies and service, and provide stronger support for building the all-round green, convenient and efficient travel ecosystem.