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Pand Auto shares ride with CITIC Bank

Updated: 2017-08-14

By Sun Hui, chinadaily.com.cn

Pand Auto, a car-hailing platform for new-energy vehicles, signed an agreement with China CITIC Bank in Chongqing on Aug 11, to share big data resources.

According to the agreement, both sides will use cross-over analysis to better target customers, based on their credit rating, consumption habits and range of activity.

Pand Auto and CITIC Bank will launch a bank balance account service which will give Pand's users discounts on car rental fees as well as obtain special rates of interest on savings.

Pand Auto shares ride with CITIC Bank

Gao Yu (L), CEO of Pand Auto, announces her company's cooperation with China CITIC Bank in Chongqing on Aug 11. [Photo by Zhang Mian/xinhuanet.com]

Gao Yu, CEO of Pand Auto, said the agreement hails a new level of cooperation between green motoring and green financing.

Pand's major user group is aged between 18 and 27, and it is hoped the deal will provide incentives for young people to bank with CITIC at a time when those people are moving more and more away from traditional banking services.

Gao added that China CITIC Bank has a large pool of credit card users, from which she hopes her company can take strategic advantage of its big data and cloud computing user data.

Pand Auto shares ride with CITIC Bank

A press conference detailing the cooperation between Pand Auto and China CITIC Bank is held in Chongqing on Aug 11. [Photo/liangjiang.gov.cn]

Pand Auto was set up at the internet industrial park in Liangjiang New Area on May 19, 2016, and is committed to promoting green travel via internet tools and smart hailing services.

As of this June, Pand Auto has put nearly 10,000 new energy vehicles into operation and has over 1 million users, becoming one of the leading new energy vehicle leasing platforms nationwide.

Pand Auto shares ride with CITIC Bank

Pand Auto launches new energy automobiles for leasing in Liangjiang New Area. [Photo/liangjiang.gov.cn]

 

 

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