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Aurora Mobile Stock Soars As It Partners With New Energy Vehicle Manufacturer

Sam Boughedda trader
Updated 22 Dec 2020

Practice Stock Trading
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Chinese mobile developer service provider, Aurora Mobile (NASDAQ: JG) shares are rallying premarket on Tuesday after the company announced it has teamed up with a global leading new energy vehicle manufacturer to help it enhance its operational and service efficiency and enhance its driving experiences for its customers.

The vehicle manufacturer hasn’t been named, but Aurora said it is primarily engaged in the design development, manufacture and sales of green energy vehicles, including high-performance sedans, SUVs and semi-trucks. It has also developed an autopilot driver assistance system and has an app.

Aurora said that the partnership will allow it to leverage its artificial intelligence-driven targeted notification push services and machine learning-based operational analytics capabilities to help the partner gain better insight into users operating habits and needs.

While no financial details on the deal were provided, Aurora said both parties will continue to explore growth opportunities.

Aurora’s stock price is up 50.47% premarket, priced at $4.79 following Monday’s close at $3.19.

Sam is a trader and lead stock market writer at AskTraders. After starting his career in the forex market, Sam now focuses on stocks, specifically consumer staples.