(NASDAQ:HAPP) Chinese company is moving up tis morning on electric Vehicle purchase news. More than 8,000 trades in the pre-market as shares are selling for around .32
Yichebao Development Co., Ltd., the parent company of 168, has been cultivating its automobile industry chain in China for many years, especially in the parallel import automobile industry. As a wholly-owned subsidiary of Yichebao in Fujian, 168’s focus is to cooperates with the online ride hailing platforms such as Didi to expand its Fujian market.
“168 is another large auto company we plan to cooperate with, while previously we have announced the cooperation with Ruili and Shanghai Automobile Trading (Chexiang.com). Taochejun’s brand and its distribution ability are being recognized by a number of car manufacturers, large auto trading companies, and now a large auto service company. We believe that with the increasing orders, HAPP’s automobile business will achieve optimistic results for the following years,” said Mr. Xuezhu Wang, CEO of the Company.
About Happiness Development Group Limited
Headquartered in Nanping, China, Happiness Development Group Limited currently has three business lines: nutraceutical and dietary supplements, e-commerce and automobile sales. The nutrition and dietary supplements business is focusing on the research, development, manufacture and marketing of various products made from Chinese herbal extracts and other ingredients. Our e-commerce business focuses on offering e-commerce solutions, including advertising and information technology services to small and medium-sized enterprises in China. We also run our online stores which carries our products of dietary supplements and other selected products sourced from the small and medium-sized enterprises in China. Our mission for the e-commerce business is to enable small and medium-sized enterprises to fully leverage the power of e-commerce to grow rapidly. Our automobile sales adopts B2B business model and is committed to optimizing the automobile supply chain by offering standardized vehicle sources on our automobile online sales platform and providing secure transaction environment, automobile procurement and financial services for automobile manufacturers. For more information, please visit: