AutoMart-China, the largest independent auto aftermarket company in Beijing, has signed a Letter of Intent with Beijing Wan Quan He Automotive Certificate Company as its first step in being able to perform mandatory safety and exhaust inspections at its repair and maintenance centers.
AutoMart said the non-binding LOI is with Wan Quan He, which is authorized by Beijing's municipal government and Ministry of Communications to conduct annual tests for cars and motorcycles in the capital city. WQH is also authorized to conduct motor vehicle exhaust testing, as authorized by the State Environmental Protection Administration of China.
AutoMart, with more than 450 employees serving the auto aftermarket in Beijing, is currently working to finalize the agreement and add mandatory safety and exhaust inspections to its other services, including auto repair, parts, and insurance, said the company's Chairman and CEO Pang Guisan.
"Annual safety and exhaust inspections are required by the government for the more than 4 million cars and motorcycles in Beijing," Pang said. "AutoMart is excited about the opportunity to partner with WQH and serve this emerging market. AutoMart plans to work with WHQ in order to gain access to virtually millions of owners of cars and motorcycles, and be able to cross-market our other repair, parts and insurance products to them."
