Business UpdateJun 30, 2026, 04:16 PM
Senmiao Pivots to AI Infrastructure; Divests Former Subsidiaries
AI Summary
Senmiao Technology Ltd. is undergoing a significant strategic shift, divesting its former subsidiaries in Sichuan and its online ride-hailing platform for nil consideration while undertaking certain liabilities. The company is now actively evaluating opportunities to expand into AI infrastructure, having appointed a strategic advisor and established a new entity, Green Energy Capital Asset Inc. Meanwhile, its remaining Automobile Transaction and Related Services generated various revenues for the fiscal year ended March 31, 2026.
Key Highlights
- Disposed of Sichuan subsidiaries (Yicheng, Senmiao Consulting) for nil consideration, undertaking $518,388 in liabilities in December 2025.
- Disposed of XXTX (online ride-hailing platform) for zero purchase price, taking over liabilities, completed August 2024.
- Began evaluating opportunities to expand into AI infrastructure during the year ended March 31, 2026.
- Appointed David Nichols as strategic advisor for AI infrastructure, digital infrastructure, and new energy initiatives.
- Established Green Energy Capital Asset Inc. in February 2026 for new initiatives.
- Automobile Operating Leasing generated average monthly rental income of $381 per automobile for FY26.
- Auto Financing recognized $68,011 in interest income for FY26.
- Service for NEVs Leasing generated $64,833 in revenue for FY26.
Price Impact
More from AIHS