AUTOBACS SEVEN CO.,LTD. [9832.T]
TOKYO, May 11 (Pulse News Wire) – Autobacs Seven CO.,LTD. (9832.T) denied reports in today’s Nikkei newspaper electronic edition suggesting collaboration with China’s Chery Automobile to sell Chinese electric vehicles (EVs) in Japan.
The company confirmed its investment in Electric Mobility Technology Pte. Ltd., based in Singapore Kigyou, which focuses on developing and selling new energy vehicles, but stated there are currently no concrete plans to utilize AutoBacs’ network for maintenance or sales activities related to such ventures.
The company emphasized its long-term vision “Beyond AUTOBACS Vision 2032,” targeting a consolidated revenue of 2032 for the fiscal year ending May 11, 2026, positioning EVs and zero-emission vehicles (ZEVs) as key growth products. AutoBacs continues to explore partnerships and collaborations with various overseas automakers and emerging manufacturers to expand services such as vehicle maintenance and micro-mobility solutions.
Moving forward, AutoBacs Seven said it would promptly disclose any significant developments and remains committed to exploring diverse business opportunities centered around mobility to achieve sustainable growth.
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