Shanghai (ZXZC)- GAC Group signed on August 31 a framework agreement with China Post, the state-owned enterprise operating the official postal service of China, to carry out strategic cooperation on the fields of the market expansion and service, the vehicle procurement, the finance business, the parcel delivery and the mobility service.

(Photo source: GAC Group)

Under the agreement, China Post will leverage its resources and supporting services to help GAC Group expand its market, and both parties will jointly explore and innovate in the new retail solutions to make the automobile network sink to lower tier markets. Moreover, China Post and GAC Group will team up on such areas as the construction of service system, the power battery service, the branding and the maintenance of customer relationship.

On the side of vehicle procurement, two companies will proactively push ahead with the cooperation on the vehicle purchase for governmental businesses, logistics transportation and staff's personal travelling demands.

Regarding finance business, GAC Group and China Post will conduct the teamwork pivoting on the credit extension, the automobile consumption loan for individuals, the strategic investment, the mixed-ownership reform and other professional services related to capital market.

With regard to logistics, two parties will actively advance their collaboration on the consignment of parcels, the international freight agency, the international warehousing, the customs clearance at key port and the bonded logistics businesses, and co-explore the cooperation opportunities in after-sale accessories logistics.

Furthermore, GAC Group said it will provide China Post the mobility services that suit the latter's demands.