FingerMotion partners with Jincheng Automotive on emergency vehicles

SINGAPORE - FingerMotion, Inc. (NASDAQ: FNGR), a mobile services and technology company with a market capitalization of $140.5 million and annual revenue of $35.6 million, has announced a strategic collaboration with Zhejiang Jincheng Automotive Co., Ltd. to co-develop a new line of emergency response vehicles. The partnership aims to integrate FingerMotion’s mobile command and communication platform into vehicles designed for public safety and enterprise customers.

The collaboration, which brings together FingerMotion’s technological expertise with Jincheng Automotive’s manufacturing capabilities, will initially focus on product development and market expansion in Zhejiang Province. The companies plan to extend their reach to a national level following the initial rollout.

A combined effort in sales and promotion is expected, with both companies leveraging their marketing resources to drive adoption through industry events, product demonstrations, and targeted campaigns. Additionally, a joint customer service framework will be established to provide comprehensive support for the systems, including installation, maintenance, and troubleshooting.

The strategic alliance is part of FingerMotion’s growth strategy to solidify its position in the emergency response sector. According to InvestingPro data, the company has shown strong momentum with a 103% year-to-date return, despite operating with relatively weak gross profit margins of 7.8%. By pooling resources and creating standardized emergency vehicle service models, the companies aim to enhance operational efficiency on both provincial and national scales.

FingerMotion is recognized for its mobile payment and recharge platform solutions in China and is focused on developing additional technologies for its growing user base. InvestingPro analysis reveals the company maintains healthy liquidity with a current ratio of 1.2, though it faces profitability challenges. For deeper insights into FingerMotion’s financial health and growth potential, including 8 additional exclusive ProTips, visit InvestingPro. The company’s vision includes cultivating an ecosystem of highly engaged users and expanding its model beyond the China market.

Zhejiang Jincheng Automotive, a subsidiary of Zhejiang Jinnong Group Co., Ltd. (Stock Code: 002758), specializes in the development, manufacturing, and sales of vehicles for both government and private sectors. It operates under Zhejiang Xinhua Group, one of China’s Top 500 Enterprises.

The information for this news article is based on a press release statement.

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