Century United: Group subsidiary has entered into a used car replacement cooperation agreement with Tesla

Sina Technology News reported on the morning of January 13th. Century United issued an announcement stating that the board of directors noted that on January 12, 2021, there were several media reports that Zhongshan Genesis Used Car Market Co., Ltd. (“Genesis Used Car”), a subsidiary of the group Has become a designated partner of Tesla Motors (Beijing) Co., Ltd. (“Tesla”) for used car replacement services. Tesla will entrust Genesis Used Cars to purchase cars for Tesla and its affiliates (” Buyers”) to carry out used car replacement services.

The company stated that starting from January 1st, 2021, Genesis Used Cars, a subsidiary of the Group, entered into a used car replacement cooperation agreement with Tesla. Accordingly, Genesis Used Cars has become a service provider for Tesla. Buyers provide used car replacement services.