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Harmony Auto and Continent Insurance reach strategic cooperation

ZHENGZHOU, Henan – China Harmony New Energy Auto Holding Ltd. (Harmony Auto) and China Continent Insurance Co., Ltd. (Continent Insurance) signed a strategy cooperation agreement here on January 15 where they will cooperate in investment and financing, insurance, and innovation exchange.

Liu Fenglei, executive director and CEO of Harmony Auto, said that Harmony Auto has been vigorously developing the distribution business of luxury and ultra-luxury brands and accelerating the development of comprehensive aftersales business in recent years. In the first half of 2017, Harmony Auto had revenues of ¥5.09 billion, up 3.2 percent year-on-year, while net profit for shareholders reached ¥560 million, up 84.5 percent on a yearly basis.

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