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On the afternoon of September 23, 2025, Xixiangfeng Group released a statement on the Hong Kong Stock Exchange, announcing that on September 19, the company had officially entered into negotiations and subsequently reached a strategic cooperation intent with Hangzhou Zhihui Manlv Technology Co., Ltd. The two entities are set to collaborate in the realms of urban delivery and logistics ecosystems. The scope of their cooperation encompasses a wide array of areas, including automated delivery systems and the deployment of robotic minibuses for urban delivery services. Additionally, it covers financial and operational leasing solutions, asset holding and lifecycle management strategies, digitalization and AI-driven enhancements, road access rights, as well as market development initiatives.
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