Senmiao Technology Signs AI Deal With Changsha Yipeng To Enhance Ride-Hailing Efficiency

Senmiao Technology Limited has formed a strategic partnership with Changsha Yipeng Information Technology to develop an AI-driven data management system aimed at improving efficiency and safety for online ride-hailing platforms. The system will leverage Senmiao's historical data on drivers, vehicles, and riders, while Changsha Yipeng brings over a decade of experience in AI and data systems to lead development. Both companies plan to jointly seek financing for the project’s full development and deployment. This move marks Senmiao's shift from operating ride-hailing platforms to focusing on tech-enabled, data-driven mobility services following the recent sale of its ride-hailing platform. Despite the potential benefits of the collaboration, Senmiao's stock has experienced significant declines in premarket trading, reflecting investor caution about the project's execution and financial impact. The company aims to monetize its extensive data assets and expand growth opportunities through this innovative AI initiative.