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51 Credit Card Inc. ( (HK:2051) ) has provided an update.
Vala Inc. has announced that its wholly owned unit Hangzhou Vala Network Technology has signed a development agreement with Liuzhou Wuling Motors Industrial to jointly create a Wuling Sunshine EV-based camping vehicle. Under the deal, Hangzhou Vala will handle customization design and dedicated components, while Wuling will oversee technical verification, production optimization, certification and manufacturing, with Hangzhou Vala granted exclusive customization and sales rights for the model, to be marketed as the vala kcar.
The partnership deepens Vala’s push into the new-energy camping and lifestyle vehicle niche, complementing its existing vala pro and vala home models that target distinct customer segments and price ranges. By leveraging Wuling’s extensive manufacturing base and experience in new energy commercial vehicles, Vala aims to strengthen its positioning as a pioneer of electric automobile lifestyles in China, broadening use cases from outdoor camping and leisure to flexible commercial operations for a wider user base.
More about 51 Credit Card Inc.
Vala Inc., incorporated in the Cayman Islands, operates its core valalife business in China, covering vala automobile, vala community and vala car lifestyle. The company focuses on new-energy multi-purpose vehicles with factory-installed pop-up roofs, aiming to turn cars into mobile third living spaces that blend urban and outdoor scenarios for both lifestyle and commercial uses.
Average Trading Volume: 2,509,910
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.06B
See more data about 2051 stock on TipRanks’ Stock Analysis page.