Ride-share vehicle maker I·T BOX strikes strategic deal with CITIC consortium

Beijing (Gasgoo)- On December 22, ride-hailing vehicle maker I·T BOX inked a strategic agreement with CITIC Securities, CITIC Bank Zhengzhou Branch, CITIC Financial Leasing, and CITIC (Beijing) Equity Investment Fund Management (together referred to as the “CITIC consortium”), aligning on collaborative intentions. 

In the upcoming phase, the CITIC consortium aims to leverage its assets and technological prowess to assist I·T BOX in swiftly establishing a smart mobility ecosystem, meeting and surpassing the evolving demands of the ride-hailing market.

Zhang Shuguang, Founder of I·T BOX, emphasized, "As a rapidly growing startup, our collaboration with the CITIC consortium enables more efficient asset allocation and expansive growth. Tailored financial solutions will address I·T BOX's needs in finance, insurance, asset management, residual value repurchases, accelerating industry deployment, technological innovation, and talent acquisition. With the launch of our first model, the Haima EX00, we anticipate partnering with CITIC to introduce innovative financial services for the B2B travel industry."

This strategic collaboration signifies a lasting, stable, mutually beneficial comprehensive partnership between I·T BOX and the CITIC consortium in the smart mobility domain. The CITIC consortium will provide all-encompassing, full-cycle, and comprehensive financial services encompassing bank credit, equity investment, and investment banking for I·T BOX. Both parties will leverage their strengths and resources, engaging in deep cooperation in fund utilization, investment and financing, automotive travel industry chain, financial technology, fostering financial innovation in the smart mobility ecosystem, collectively driving industry growth.