On February 20, 2019, the United States – winning card Lexington, Kentucky (the New York stock exchange transaction number: VVV), as a supplier of high-end lubricating oil and automobile maintenance products, announced that its Chinese partner, Beijing rabbit master automobile technology co., LTD. Was established in China’s shandong province and run fast oil change service center, the investment proportion of 50% each.
The partnership expands wintek’s existing rapid oil change network, which currently has more than 1,300 company-owned and franchised stores in North America, to China
It is a strategy of shengpai to develop and expand its rapid oil exchange business through strategic cooperation opportunities in emerging markets.
“Our team has been visiting the Chinese rapid oil change market for about two years,” said Tony Puckett, President of shengpai’s rapid oil change business. However, after we had the opportunity to visit the team of master rabbit and experienced their service mode of quick oil change in their existing stores, we immediately knew that we Shared the same vision and served our customers in the same way, and master rabbit would become an excellent partner of wintek. “” the partnership with master rabbit will leverage the strengths of both sides to jointly create a differentiated automotive service experience for Chinese consumers.
Mr. Song liejin, founder and CEO of tushifu, said, “shengpai, with a history of more than 150 years, has a series of high-quality lubricating oil and automobile maintenance products, and a perfect chain operation system of automobile maintenance. Master rabbit is familiar with the Chinese market and the needs of Chinese car owners. Through our in-depth cooperation, we will provide Chinese car owners with quality products and efficient car maintenance services.