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Strategic Investor CDIB Confirms $90 Million Initial Investment in Autozi at $3.50 per Share
Prnewswire· 2025-12-19 12:15
Core Insights - Autozi Internet Technology (Global) Ltd. has secured a strategic investment of $90 million from CDIB at a share price of $3.50, marking a significant step in their partnership [1][2][3] Investment Details - The investment signifies the commencement of a deeper collaboration between Autozi and CDIB, focusing on areas such as digitalization of the automotive aftermarket, intelligent risk control, data asset operations, and international expansion [2][3] - This partnership aims to enhance Autozi's competitiveness in global capital markets and the automotive industry value chain [2] Management Statements - Autozi's management highlighted that CDIB's investment reflects strong recognition from international capital markets regarding their business model and growth prospects, significantly strengthening their capital position [3] - The investment supports Autozi's initiatives in digital transformation, innovation-driven business expansion, and potential mergers and acquisitions [3] CDIB's Perspective - CDIB expressed confidence in Autozi's strategic positioning and growth resilience within the automotive aftermarket services and digital operations space, believing that the partnership will unlock greater growth opportunities in both China and international markets [3] Company Overview - Autozi operates as a technology-driven provider of comprehensive automotive e-commerce solutions, utilizing advanced internet technologies and big data analytics to offer value-added services such as new car sales, parts procurement, and logistics coordination [4] - The company's goal is to enhance the efficiency of the entire automotive industry chain while reducing operational costs [4]
Valvoline Great Canadian Oil Change Ranks Highest Among Aftermarket Service Facilities in J.D. Power Survey for Second Consecutive Year
Businesswire· 2025-12-17 12:30
Core Insights - Valvoline Inc. has been recognized for the second consecutive year as the highest-ranked provider among aftermarket service facilities in J.D. Power's 2025 Canada Customer Service Index [1][2] Company Performance - The Great Canadian Oil Change achieved a score of 830 on a 1,000-point scale in the 2025 study, which surveyed nearly 10,000 vehicle owners [2] - Valvoline Inc. operates 133 locations in five provinces in Canada, providing quick oil changes and a range of preventive maintenance services [3] Service Offerings - Each Great Canadian Oil Change service center performs stay-in-your-car oil changes in approximately 15 minutes, along with services like tire rotations, fluid exchanges, and battery replacements [3] - Valvoline Inc. operates over 2,300 service centers across the U.S. and Canada, completing more than 30 million services annually [4]