January 11, 2022, Qingdao. As a professional integrated service leader of China auto aftermarket, Carzone formally signed a strategic cooperation agreement with TELD, an industry-leading charging network eco-operator. The strategic cooperation between the two parties will be based on the nationwide service network of Carzone, and create a new mode of new energy cooperation around Tmall Autocare and other businesses.

Carzone and TELD formally signed a strategic cooperation agreement

As the trend of global carbon neutrality and peak carbon dioxide emissions goes rival, the two parties will work together to cooperate in following fields: platform digitalization, intelligent big data linkage, charging network co-construction and operation, and charging pile customization. It will fully release the network system strength of terminal stores, give full play to the advantages of smart system capabilities and smart auto parts supply chain. By following the trend to building charging infrastructure network, two sides will provide convenient, intelligent high-value services for the majority of NEV owners, and contribute to the green transformation of China's economy.

Tmall Autocare & TELD cooperation renderings

At present, Carzone has set up more than 1,300 spare parts supply outlets all over the country to ensure that customer needs can be met in "30 minutes". Alongside that, after two years of development, more than 2,000 stores across the country have joined, providing all car owners with "standard, transparent and guaranteed" smart autocare solutions. Based on TELD's 6 million+ NEV customers, Carzone’s 120,000+ repair shop customers and 3 million+ C-end Tmall Autocare users, the two parties will jointly build an intelligent charging network system to exchange data, and provide high-quality vehicle and services for.

In 2021, the NEV market ushered in explosive growth. According to the forecast of China Automobile Association, the sales volume of NEVs in China in the past year is expected to reach 3.4 million, up 160% year-on-year. According to the market forecast, the sales volume of NEVs in China is expected to exceed 5.5 million in 2022. In this context, the demand of NEV owners for charging and high-quality after-service infrastructure is soaring, which has become a new promising niche market of NEV industry.

Shang Baoguo, CEO of Carzone, delivered a speech at the scen

Shang Baoguo, CEO of Carzone, said: "TELD is a leading ecological operator of charging network in China and a renowned enterprise of networking and digitalization of charging infrastructure. Based on the perfect big data foundation, industry-forward technology and deep collaboration in new energy infrastructure, this cooperation will certainly open up new prospects for new energy cooperation and provide more reliable vehicle services for more NEV owners."

Guo Yongguang, President of TELD, delivered a speech at the scene.

Guo Yongguang, President of TELD, said: "2021 marks the first year of the great development of NEVs, and 2022 will be the watershed of the NEV industry. Carzone is a leading professional service provider of auto aftermarket integration in China, and has launched terminal smart stores, intelligent supply chains, efficient warehousing and logistics, and digital systems. Through this strategic cooperation, TELD hopes to join hands with Carzone to build a multi-faceted, full-cycle, high-quality intelligent service system for the NEV industry."

Representatives of both parties signed a strategic cooperation agreement.

Yu Xia, Director of New Energy Business Department of Carzone Tmall Autocare, and Li Ming, Deputy General Manager of TELD Operation Center signed a strategic cooperation agreement on behalf of both parties.

The future of NEVs is promising. In this process, we must adhere to the drive of innovation, and embrace the trend of intelligent and electrified changes, thus promoting high-quality development.

The strategic cooperation between Carzone and TELD is a beneficial, innovative exploration under the guiding principle of "carbon peaking and carbon neutrality" and the green development pattern of the new energy industry. We wish the in-depth collaboration will solve the practical needs of car owners, set a new benchmark for the green industry, and contribute to energy conservation, emission reduction, green travel and high-quality development of smart cities.

About Carzone

Carzone is a professional integrated auto aftermarket service provider with a nationwide coverage. Based on Carzone auto parts chain, it was established by integrating Alibaba Group's auto aftermarket business and related resources, and has been injected with hundreds of millions of dollars from investment institutions such as Alibaba, Warburg Pincus, Yunfeng Capital, PAG, Goldman Sachs, Asia Investment Capital and Dragon Capital. At present, the company has set up more than 1,300 parts supply outlets throughout the country. "Tmall Autocare" is a one-stop smart car maintenance chain brand under Alibaba Group, which deeply integrates resources such as Alibaba ecosystem, Carzone auto parts supply chain and F6 auto technology, and is committed to providing all car owners with "standard, transparent and guaranteed" smart solutions for car maintenance. Up to now, the total number of stores applied nationwide has reached 27,000. After several rounds of review, more than 2,000 stores across the country have officially paid for joining, and one third of them have subsequently opened new stores.

About TELD

TELD New Energy Co., Ltd. is a holding subsidiary of Qingdao Tgood Electric Co., Ltd., the first stock of China Growth Enterprise Market, and a unicorn TOP100 enterprise in the new infrastructure industry, mainly engaged in the building and operation of NEV charging network and the value-added services of the Internet. At present, the charging network operation services have been made available to 350 cities with more than 6.5 million registered users. It is a leading charging operation enterprise in China in terms of the number of charging piles, charging capacity, user flow and technology patents. TELD adopts Internet thinking. Relying on the international leading intelligent charging technology and system for automobile groups, TELD keeps innovating the business model of electric vehicle charging, aiming to build and operate the largest automobile charging network in China.