Assurant Partners with HEVI to Provide Extended Service Contracts
HEVI Corp., a manufacturer of all-electric heavy equipment, has partnered with Assurant, Inc. (NYSE: AIZ) to provide Extended Service Contracts (ESC) for HEVI customers. This partnership allows HEVI to offer protection beyond the manufacturer's base warranty period, enhancing the purchasing and ownership experience for its customers.
Assurant, a global leader in equipment protection with over 30 years of expertise, offers a comprehensive suite of protection products and services for the commercial equipment industry. The collaboration aims to increase customer confidence, potentially boosting sales and building long-term value for HEVI shareholders.
This partnership aligns with both companies' sustainability goals, supporting the expansion of electric heavy equipment in the industrial vehicle sector.
HEVI Corp., un produttore di attrezzature pesanti completamente elettriche, ha collaborato con Assurant, Inc. (NYSE: AIZ) per fornire Contratti di Servizio Estesi (ESC) ai clienti di HEVI. Questa partnership consente a HEVI di offrire una protezione oltre il periodo di garanzia base del produttore, migliorando l'esperienza di acquisto e possesso per i suoi clienti.
Assurant, leader globale nella protezione delle attrezzature con oltre 30 anni di esperienza, offre una gamma completa di prodotti e servizi di protezione per l'industria delle attrezzature commerciali. La collaborazione mira ad aumentare la fiducia dei clienti, potenzialmente aumentando le vendite e costruendo un valore a lungo termine per gli azionisti di HEVI.
Questa partnership è in linea con gli obiettivi di sostenibilità di entrambe le aziende, supportando l'espansione delle attrezzature pesanti elettriche nel settore dei veicoli industriali.
HEVI Corp., un fabricante de equipos pesados totalmente eléctricos, se ha asociado con Assurant, Inc. (NYSE: AIZ) para ofrecer Contratos de Servicio Extendidos (ESC) a los clientes de HEVI. Esta asociación permite que HEVI ofrezca protección más allá del período de garantía estándar del fabricante, mejorando la experiencia de compra y de propiedad para sus clientes.
Assurant, líder global en protección de equipos con más de 30 años de experiencia, ofrece una completa gama de productos y servicios de protección para la industria de equipos comerciales. La colaboración tiene como objetivo aumentar la confianza del cliente, lo que potencialmente podría incrementar las ventas y generar valor a largo plazo para los accionistas de HEVI.
Esta asociación está alineada con los objetivos de sostenibilidad de ambas empresas, apoyando la expansión de equipos pesados eléctricos en el sector de vehículos industriales.
HEVI Corp.는 전기식 중장비 제조업체로, Assurant, Inc. (NYSE: AIZ)와 협력하여 HEVI 고객을 위한 확장 서비스 계약 (ESC)을 제공합니다. 이 파트너십은 HEVI가 제조업체의 기본 보증 기간을 넘어서는 보호를 제공할 수 있게 하여 고객의 구매 및 소유 경험을 향상시킵니다.
Assurant는 30년 이상의 전문성을 가진 장비 보호의 글로벌 리더로, 상업용 장비 산업을 위한 포괄적인 보호 제품 및 서비스 모음을 제공합니다. 이 협업은 고객의 신뢰를 높이고, 잠재적으로 판매를 증가시키며 HEVI 주주의 장기 가치를 구축하는 것을 목표로 합니다.
이 파트너십은 두 회사의 지속 가능성 목표에 부합하며, 산업 차량 부문에서 전기 중장비의 확장을 지원합니다.
HEVI Corp., un fabricant d'équipements lourds entièrement électriques, a formé un partenariat avec Assurant, Inc. (NYSE: AIZ) pour fournir des Contrats de Service Étendus (ESC) aux clients de HEVI. Ce partenariat permet à HEVI d'offrir une protection au-delà de la période de garantie standard du fabricant, améliorant ainsi l'expérience d'achat et de possession de ses clients.
Assurant, leader mondial dans la protection des équipements avec plus de 30 ans d'expertise, propose une gamme complète de produits et de services de protection pour l'industrie des équipements commerciaux. La collaboration vise à renforcer la confiance des clients, ce qui pourrait potentiellement augmenter les ventes et construire une valeur à long terme pour les actionnaires de HEVI.
Ce partenariat s'aligne sur les objectifs de durabilité des deux entreprises, soutenant l'expansion des équipements lourds électriques dans le secteur des véhicules industriels.
HEVI Corp., ein Hersteller von vollelektrischen schweren Geräten, hat sich mit Assurant, Inc. (NYSE: AIZ) zusammengeschlossen, um Erweiterte Serviceverträge (ESC) für HEVI-Kunden anzubieten. Diese Partnerschaft ermöglicht es HEVI, Schutz über die Basisgarantie des Herstellers hinaus anzubieten und die Kauferfahrung und den Besitz für seine Kunden zu verbessern.
Assurant, ein globaler Marktführer im Bereich Geräteschutz mit über 30 Jahren Erfahrung, bietet eine umfassende Palette von Schutzprodukten und -dienstleistungen für die kommerzielle Geräteindustrie an. Die Zusammenarbeit zielt darauf ab, das Kundenvertrauen zu erhöhen, was potenziell die Verkäufe steigern und langfristigen Wert für die HEVI-Aktionäre schaffen kann.
Diese Partnerschaft steht im Einklang mit den Nachhaltigkeitszielen beider Unternehmen und unterstützt die Expansion von elektrischen schweren Geräten im Sektor der Industrieanlagen.
- Partnership with Assurant, a leading global business services company
- Potential to increase sales and build long-term shareholder value
- Enhanced customer confidence through extended service contracts
- Alignment with sustainability goals in the electric heavy equipment sector
- None.
Insights
Assurant's Partnership with HEVI: This collaboration between Assurant and HEVI holds significant financial implications. By offering extended service contracts (ESCs), Assurant demonstrates its capability to create additional streams of revenue while also providing comprehensive protection for customers. For HEVI, partnering with a globally recognized entity like Assurant can help solidify customer trust. In the short term, this partnership can enhance HEVI's product appeal, potentially boosting sales. Long-term, it can lead to sustained customer loyalty and recurring revenue from service contracts.
Market Impact: The collaboration highlights an important trend in the heavy equipment industry: the rise of electric vehicles and the need for comprehensive service solutions. Assurant's extensive experience in equipment protection makes it an ideal partner for HEVI, which aims to enhance its market position in the all-electric heavy equipment sector. With the global push towards sustainability, this partnership aligns well with current market demands, positioning both companies favorably within the industry. Investors should see this as a strategic move that could enhance market share and competitiveness.
Technological Synergy: HEVI's focus on all-electric heavy equipment means that the technology requires specialized maintenance and protection. Assurant's involvement brings advanced service solutions tailored to the unique demands of electric heavy machinery. This can lead to higher operational uptime and reduced total cost of ownership for customers. For investors, the technological compatibility between HEVI’s products and Assurant’s service solutions means reduced risk and potentially higher adoption rates among end-users, making it a win-win situation.
With more than 30 years of equipment protection expertise, Assurant is a market leader in protection products for the commercial equipment industry, providing a full suite of protection products and services, including extended service protection plans, physical damage protection, portfolio protection, insurance tracking services and more, through point-of-sale solutions for equipment dealers, original equipment manufacturers, and financed equipment protection for financial institutions.
Through this partnership, HEVI customers will be able to purchase an Assurant Extended Service Contract (ESC) to protect covered equipment beyond the manufacturer's base warranty period.
Raymond Wang, CEO of HEVI, commented, "We are constantly enhancing and simplifying the purchasing and ownership experience of HEVI's all-electric heavy equipment. Customers are our top priority and by partnering with Assurant, we can give them even higher confidence with a top-tier extended service contract that ensures long-term coverage. We expect this extra layer of protection will serve as another positive catalyst as we work to increase sales and build long-term value to our shareholders."
"We are pleased to offer industry-leading protection products for the rapidly expanding HEVI industrial vehicle franchise," said Dan Lenczner, SVP, Affinity & Commercial Equipment, Assurant Global Automotive. "As a leader in both heavy equipment and automotive electric vehicle (EV) protection solutions, Assurant is well positioned to support HEVI in bringing innovative solutions to their electric heavy equipment business. This also aligns with our mutual sustainability goal of bringing solutions that help minimize the carbon impact on our global climate."
About Assurant Global Automotive
Assurant Global Automotive is a leading global solutions provider in the automobile and commercial equipment industries. Automotive industry partners span manufacturers, large group and independent dealers, agents, third-party administrators, financial institutions, insurance providers, and vehicle technology companies. With over 50 years of automotive industry experience, Assurant protects 55 million motor vehicles in 19 countries by providing innovative solutions like vehicle service contracts, guaranteed asset protection, and ancillary products, while providing dealer performance management and training, participation options, and more. Assurant Global Automotive is also a market leader in protection products for the commercial equipment industry, with more than 30 years of equipment protection expertise with the acquisition of EPG in 2020. Assurant provides a full suite of protection products and services for equipment dealers and financial institutions supporting commercial equipment. These include extended service protection plans, physical damage protection, guaranteed asset protection, automatic insurance, portfolio protection, insurance tracking services and more.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world's leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other specialty products.
Learn more at assurant.com.
About HEVI Corporation
HEVI is a developer and manufacturer of sustainable heavy machinery such as all-electric heavy construction and farm machinery. The Company is a wholly owned subsidiary of Greenland Technologies Holding Corporation (Nasdaq: GTEC). Information on the Company's clean industrial heavy equipment can be found at HEVI at HEVI Corp.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking statements." Such statements reflect HEVI's current views with respect to future events and are subject to such risks and uncertainties, many of which are beyond the control of HEVI, including those set forth in the Risk Factors section of
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SOURCE Greenland Technologies Holding Corporation
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