Yixin steers away from young joint venture to stay focused on China auto market
Key Takeaways:
Yixin will sell its 49% stake in a 2-year-old joint venture to partner Qingdao Caitong, which wants to expand into areas beyond the venture’s original auto leasing services
Yixin’s auto financing business is growing despite an unsteady Chinese car market, fueled by booming demand for electric vehicles
