Shanghai (ZXZC)- Zhejiang Geely Holding Group (Geely Holding) and the Chinese e-commerce giant JD.com signed a framework agreement on July 26 to form a strategic partnership for a slew of businesses related to logistics service.

Photo credit: JD Logistics

Under the agreement, the two companies will carry out in-depth cooperation on full-channel warehouse logistics service, in-plant logistics service, upgrade of logistics system, smart warehousing, and commercial vehicle technology empowerment by leveraging both parties' know-hows in smart logistics service and supply chain, and relying on JD Logistics' supply chain integration capability.

The collaboration between JD.com and Geely can date back to March 2018 when they announced a strategic partnership for businesses like intelligent connectivity, auto e-commerce and auto aftermarket service, aiming to provide consumers with IoV (Internet of vehicle) services.

Geely Auto Group, a wholly-owned subsidiary of Geely Holding, has operated businesses in relation to mobility service, digital technology, finance service, and education. JD.com and Geely Holding will explore new service models in the full-chain sale, the digital transition for industrial product procurement, and other areas, and co-work on reducing the purchase cost and improving operation efficiency for Geely Holding.

For the first half of 2021, Geely Auto and its subsidiaries (collectively called “the Group”) sold 630,237 new vehicles, representing 19% year-on-year growth and fulfilling 41% of the Group's annual sales target of 1.53 million units.