On September 3, 2022, Castrol and Xinkangzhong held a signing ceremony for deepening strategic cooperation at the headquarters of Xinkangzhong in Nanjing to further promote the implementation of various contents and jointly create a new win-win situation for cooperation. Zhang Zhiqiang, Global Vice President of Castrol and President of Greater China, Xiao Ying, Sales Director of Castrol's Key Customers, Shang Baoguo, CEO of New Kangzhong, Tan Chunlin, Vice President of New Kangzhong, and Gao Fei, General Manager of New Kangzhong's Lubricant Business Unit, among other high-level representatives, jointly attended the meeting.
Before the signing ceremony, the two sides held in-depth discussions and exchanges. A comprehensive review was made of the in-depth cooperation in multiple business areas since the strategic cooperation between the two sides, and the senior management of the two sides highly affirmed the achievements achieved since the cooperation. At the same time, we have also made strategic plans for further cooperation between the two sides.
The deepening and signing of the strategic cooperation between Castrol and Xinkangzhong will lay a solid foundation for further deepening the cooperation between the two sides. The two sides will, as always, strengthen cooperation and investment in existing businesses, deepen resource utilization, business innovation, and whole-process services. Further expand business cooperation, enhance innovation capabilities, and achieve new leaps in strategic development in multiple new Kangzhong advantageous businesses such as new retail, channel sinking, Tmall car maintenance, and repair workshop light chain business. Further deepen cooperation in new energy, channel expansion, innovative service models for key customers, and consumer attention.
Strive steadily and achieve success! In the future, the two sides will rely on their respective strengths to continue a closer strategic partnership of cooperation.
About Castrol
Castrol is a brand of the BP Group that provides high-quality lubricating oil products and related services to customers in the energy industry. Castrol brand products are renowned worldwide for their technological innovation and outstanding performance, all of which stem from our tireless pursuit of high-quality and leading technology. For more information, please visit www.castrol.com.cn.
About Xinkangzhong
New Kangzhong is a professional automotive aftermarket integration service provider dedicated to network coverage throughout the country. Based on Kangzhong Auto Parts Chain, it was established by integrating Alibaba Group's automotive aftermarket business and related resources. It has successively received hundreds of millions of dollars of capital injections from investment institutions such as Alibaba, Warburg Pincus Investment, Yunfeng Capital, PAG Investment, Goldman Sachs, Asia Investment Capital, and Yunlong Capital. Currently, the company has set up more than 1200 accessory supply outlets nationwide to ensure "30 minute" delivery of maintenance customer needs within the region. New Kangzhong has deeply integrated resources such as Alibaba's ecosystem, Kangzhong's auto parts supply chain, and F6 technology. With the aim of establishing a "standard, transparent, and guaranteed" service system, it has launched light chain projects such as "Tmall Car" chain, "Repair Workshop", and "Gold Iron Rubber". Together with offline repair stores, it has created a new automotive retail service brand that consumers trust and integrate online and offline, Create a new pattern of automotive aftermarket service that integrates repair and repair!
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