Senmiao Technology signs cooperation agreement with Changsha Yipeng

Senmiao Technology (AIHS) announced that it has signed a strategic cooperation agreement with Changsha Yipeng Information Technology to jointly develop an AI-backed data management system aiming to improve efficiency of online ride-hailing management platforms. Pursuant to the Agreement, Changsha Yipeng will utilize Senmiao’s data from its historical operating information, to develop an AI-backed data management system to facilitate the collection and analysis of data and ultimately provide online ride-hailing service providers with efficient and safe ways to operate their service vehicles. Along with the development of the project,, both parties will jointly seek necessary financing for its full development and deployment.