YSX Tech shares rise 10.07% intraday after forging strategic alliance with Huijian for auto insurance, supply chain finance, and data-driven products.

YSX TECH. CO., LTD surged 10.07% intraday following the announcement of a two-year strategic alliance with Huijian Information Technology Co., Ltd. to enhance auto insurance after-sales services, supply chain finance, and data-driven insurance products. The partnership combines Huijian’s AI-driven automotive data and supply chain expertise with YSX’s insurer network, aiming to standardize after-sales service delivery, develop credit profiles for supply chain participants, and create customized insurance offerings. CEO Jie Xiao highlighted the collaboration’s potential to integrate industry resources, drive cross-industry innovation, and foster a collaborative ecosystem. The agreement, supported by dedicated teams and regular collaboration, underscores new growth opportunities in automotive services, finance, and insurance, aligning with the stock’s sharp intraday gain.