24/7 Market News Snapshot 12 June, 2025 – Senmiao Technology Limited Common Stock (NASDAQ:AIHS)

June 12, 2025

DENVER, Colo., 12 June, 2025 (www.247marketnews.com) – (NASDAQ:AIHS) are discussed in this article.
Senmiao Technology Limited is currently experiencing a positive trend in its stock performance, trading at $1.157, which represents a 0.61% increase from the previous closing price of $1.150. The volume of trading has reached an impressive 5.01 million shares, signaling robust investor interest and potential momentum that may stem from favorable market sentiment or pertinent company news. Traders are advised to watch for support levels around $1.15 and resistance near the $1.20 threshold, as these technical indicators could indicate breakout opportunities amid continued bullish behavior.

In a strategic move to bolster its growth trajectory, Senmiao has announced a cooperation agreement with Qinhong International Group. This partnership will tap into Qinhong’s vast network in the financial services sector, aimed at enhancing Senmiao’s market reach and service capabilities. By utilizing Qinhong’s established customer base and industry connections, Senmiao is set to secure vital financing that is crucial for executing its ambitious expansion plans.

Xi Wen, Chairman and Chief Executive Officer of Senmiao, highlighted the significance of this collaboration, stating that it represents an exciting opportunity for the company to broaden its customer base and enhance its service offerings. Senmiao is dedicated to advancing its automobile transaction services, which encompass sales, financing facilitation, and operating leases, within the dynamic ride-hailing market.

As both Senmiao and Qinhong embark on this strategic partnership, stakeholders can anticipate further developments that will not only strengthen their positioning in the industry but also deliver greater value and innovative solutions to their clients. The potential for revenue growth and expanded service capabilities underscores the promising future of Senmiao Technology Limited in the evolving landscape of the ride-hailing sector.

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