Digital Marketing

TuanChe Announces Plan to Strategically Expand into Electric Vehicle Manufacturing Sector

BeijingAnd January 5 2022 /PRNewswire/ – TuanChe Limited (“And you, too“or the”company(NASDAQ:TC), a leading integrated auto marketplace in ChinaToday, it announced its strategic plan to create a new electric vehicle (EV) business line including the design, R&D and manufacturing team and expand its business to electric vehicle manufacturing.

Mr. Wei WenTuanChe Chairman and CEO commented: “As consumers are increasingly receptive to electric vehicles, backed by favorable policies, accelerated establishment of infrastructure and increasingly improved technologies in the electric vehicle industry, we are excited about our plan to announce that we will be expanding our business to include the automobile manufacturing To better implement this expansion strategy and secure our future success in the electric vehicle manufacturing, we will take advantage of our existing innovative business model and the massive scale of our customer base and harness our broad insight into our automotive consumer as well as our leading automotive sales capabilities and sales network that Stretching from top-tier cities to regional provinces nationwide.By seamlessly integrating our existing platform with top-notch electric vehicle design, R&D and manufacturing team, we are building, in-depth collaboration with intelligent potential strategic partners, we believe this strategic expansion will bring synergistic value Great and ensures that we believe an important share in the automobile revolution for electric. “

TuanChe is holding open discussions with potential strategic partners and the company will announce any progress on major business transactions, if any, in due course.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, business plans, development and expectations. Actions, which can be identified by terms such as “may,” “will,” “expect,” “expect,” “aims,” “estimate,” “intend,” “plan,” “believe,” “possibility,” “continue,” or “Possible / likely to” or other similar expressions. These statements are based on management’s current expectations and current market and operating conditions, and relate to events involving known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the US Securities and Exchange Commission The Company undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required the law.

About TuanChe

Founded in 2010, TuanChe Limited (NASDAQ:TC) is a leading integrated auto marketplace in China. TuanChe provides services to connect auto consumers with many industry players such as auto manufacturers, dealers and other auto service providers. TuanChe provides automotive marketing and transaction-related services by integrating its online platforms with offline sales events. With its integrated marketing solutions, TuanChe transforms individual and isolated car purchase transactions into large-scale group purchasing activities by creating an interactive multilateral environment. Moreover, by utilizing its data analytics and advanced digital marketing platform, TuanChe Online Marketing Services platform helps industry clients increase the efficiency and effectiveness of their ad placements. For more information please contact [email protected].

For investor and media inquiries, please contact:

TuanChe Co., Ltd.
Investor Relations
Tel: +86 (10) 6397-6232
email: [email protected]

Piacente Group, Inc.
Brandy Pleasant
Phone: +1 (212) 481-2050
email: [email protected]

Yang Song
Tel: +86 (10) 6508-0677
email: [email protected]

SOURCE TuanChe Limited

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