Following the initial launch of commercial vehicles for corporate clients in September, Excel (Tianjin) Leasing recently reported another success: the completion of agreement signing and investment in initial commercial-vehicle retail business amounting to 180 million yuan. Collaborating with leading channels for commercial vehicles and supported by a powerful retail-business system, Excel Leasing has achieved breakthroughs in the retail of commercial vehicles.

The investment marks the opening of new markets for Excel Leasing in the automobile-retail industry. The Company is committed to creating a business pattern of “focusing on passenger vehicles, supported by commercial vehicles”, which will help drive the operations for both passenger and commercial vehicles. Furthermore, it will smooth the effects of cyclical market fluctuations and encourage the ongoing collection of industry data, so the risk-control model may be continuously improved and the core competency of the Company enhanced.