Infobird Announces Acceleration of Marketing Solution to Rapidly Growing New Energy Vehicle Market

Rhea-AI Summary

Infobird Co., Ltd (Nasdaq: IFBD) announced a new digital marketing solution for the New Energy Vehicle (NEV) sector, partnering with HYCAN to enhance marketing and customer engagement. This initiative aligns with rising EV market demands, driven by climate change awareness and regulatory support in China. Infobird aims to leverage its SaaS model to facilitate digital customer engagement throughout the user journey, improving retention and interaction for car manufacturers. The company's expansion into the NEV market represents a strategic growth opportunity.

Positive

• Partnership with HYCAN to enhance marketing and customer engagement capabilities.
• Expansion into the rapidly growing new energy vehicle market.
• Potential to improve marketing efficiency for NEV manufacturers through digital solutions.

Negative

• None.

BEIJING, Jan. 27, 2022 /PRNewswire/ -- Infobird Co., Ltd (Nasdaq: IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China, announced today that as a result of its deployment of its digital marketing solution with HYCAN, a rising New Energy Vehicle ("NEV") manufacturer in China, the Company has accelerated its marketing and sales initiatives to develop additional opportunities in the rapidly growing EV automaker sector. Infobird's recently launched solution is designed to help new energy vehicle manufacturers improve marketing and customer engagement capabilities.

Entering the field of new energy vehicle is an important growth initiative for  Infobird designed to comprehensively promote its standard SaaS strategy.  It is expected to enhance the Company's cross-industry service capabilities, contribute to the Company's business development in the new energy vehicle industry, and provide new growth opportunities for Infobird.

Growth in the new energy vehicle market has exploded with industry competition in full swing

With global climate change, the implementation of China's 'dual carbon' strategy, and the enhancement of public awareness of environmental protection, China's new energy vehicles have ushered in unprecedented opportunities for development. After ranking first in the world in production and sales for six consecutive years, China's new energy vehicle sales will hit a new high in 2021. According to data from the Passenger Federation, the global sales of generalized new energy passenger vehicles from January to October 2021 will reach 7.02 million units. Among them, the global sales of plug-in hybrid, pure electric, and fuel cell new energy vehicles in the narrow sense reached 4.58 million units, a year-on-year increase of 132%. Among them, the share of new energy passenger vehicles in China was 51%, and in October it was as high as 61%.

In the face of the bright development prospects, various new forces are competing to join the new energy vehicle industry chain, and the market competition is becoming increasingly fierce. For major new energy vehicle manufacturers, how to "break the circle" with the help of new marketing methods has become one of the core elements of outperforming the market.

Digitalization is the main theme of marketing and Infobird is well positioned to help manufacturers accelerate growth

From the perspective of user needs, digitalization will become the main theme of new energy vehicle marketing. The 2021 "Baidu Marketing New Energy Vehicle Industry Insight Report" pointed out that with the rejuvenation of car owners, the fragmentation of media information, effect-oriented digital marketing has become mainstream for automakers. The trend of seamless integration of online and offline is irreversible, and digitalization has become a key variable in the marketing of car companies. "2021 McKinsey Automotive Consumer Insights" also pointed out that digital touchpoints have penetrated into the consumer decision-making process, the traffic system reformation has become a new battlefield, and the innovation of omni-channel and new retail models has become standard.

"Automotive consumers attach great importance to experience and service. Whether manufacturers understand the profile of the consumer groups, how to reach these consumer groups, and whether they can keep these consumers loyal are the key factors for new energy vehicle manufacturers to achieve a great outcome in marketing," said Wu Yimin, chairman and CEO of Infobird Co., Ltd,. "With the development of new energy vehicle towards intelligence and networking, digital customer engagement is becoming more and more important. In response to the marketing needs of the new energy vehicle industry, Infobird believes a digital solution based on the entire user journey will best support a car manufacturer's omni-channel digital marketing and customer engagement.

Infobird aims to offer a comprehensive and user-centric digital customer engagement solution for new energy vehicle industry, which covers the entire user journey of digital marketing, customer reach and customer lifecyle engagement . In this way, car manufacturers can improve the efficiency and experience of customer interaction, so as to achieve the purpose of retaining and growing its customer base.

At present, Infobird's solution has been applied to the market promotion of HYCAN. Based on its strong resources and service advantages, Infobird is helping HYCAN   accurately connect and reach more users through digital means. Moreover, recently, HYCAN and Infobird reached another cooperation agreement for customer's lifecycle engagement. For this new cooperation, Infobird will help HYCAN to improve the customer lifecycle engagement skills for the store employee by leveraging private domain management, and comprehensively improve the path and method of digital and intelligent marketing.

Wu Yimin, chairman and CEO of Infobird Co., Ltd, further commented: "New energy vehicles have become the trend of the future, and the Company expects to continue to expand into the new energy vehicle market and aims to promote the digital customer engagement for new energy vehicle companies in terms of products and services."

Previously, Infobird's service areas have covered finance, insurance, e-commerce, retail, medical and other fields. The launch and application of new energy vehicle solutions has expanded the company's business scope and development path.

About Infobird Software Co. Ltd.

Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered or enabled customer engagement solutions.

For more information about the company, visit www.Infobird.com.

Forward-Looking Statements

This press release contains certain forward-looking statements, including statements with regard to Infobird's proposed initial public offering. Words such as "will," future," "expects," "believes," and "intends," or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed initial public offering discussed above will be completed on the terms described. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Infobird, including, without limitation, the failure of customary closing conditions and the risk factors and other matters set forth in the prospectus included in the registration statement in the form last filed with the SEC. Infobird undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

View original content:https://www.prnewswire.com/news-releases/infobird-announces-acceleration-of-marketing-solution-to-rapidly-growing-new-energy-vehicle-market-301469434.html

SOURCE Infobird Co., Ltd

FAQ

What is Infobird's new initiative in the New Energy Vehicle market?

Infobird has launched a digital marketing solution aimed at enhancing marketing and customer engagement for New Energy Vehicle manufacturers, starting with its partnership with HYCAN.

How does Infobird's solution benefit NEV manufacturers?

The solution helps NEV manufacturers improve digital customer engagement, marketing efficiency, and user retention by covering the entire customer journey.

When did Infobird announce its new marketing solution?

Infobird announced its new marketing solution on January 27, 2022.

What is the significance of Infobird's partnership with HYCAN?

The partnership allows Infobird to leverage its digital marketing expertise to help HYCAN connect with customers more effectively, enhancing their marketing strategies.

What is the stock symbol for Infobird?

The stock symbol for Infobird is IFBD.