YSX Tech shares surge 14.09% premarket following strategic alliance with Huijian for auto insurance, supply chain finance, and data-driven insurance products.

YSX TECH surged 14.09% in premarket trading following the announcement of a two-year strategic partnership with Huijian Information Technology. The collaboration focuses on enhancing auto insurance after-sales services, strengthening supply chain finance capabilities, and developing data-driven insurance products. By integrating Huijian’s AI-driven automotive data and supply chain expertise with YSX’s insurer network, the partnership aims to standardize service delivery, create credit enhancement solutions, and launch tailored insurance offerings such as usage-based policies. The agreement also emphasizes cross-industry integration and ecosystem development, with dedicated teams and joint training initiatives. CEO Jie Xiao highlighted the potential for new growth opportunities and value creation for car owners and insurers. The news aligns with the stock’s upward movement, reflecting optimism about expanded market reach and innovative product offerings.