HOUSTON & SHANGHAI – (COMMERCIAL THREAD) – ExxonMobil, Tencent, Tuhu and a distribution holding company have agreed to form a joint venture to establish an integrated “business-to-consumer procurement” auto maintenance network. The joint venture will expand the Mobil-branded auto service network in China and leverage the strength of all partners to deliver a comprehensive, high-quality, branded and digital auto service experience.

ExxonMobil is committed to providing superior lubricant solutions to its customers around the world. Mobil ™ offers a line of manufacturer-approved lubricants, fluids and automotive care products including Mobil 1 ™, the world’s leading brand of synthetic motor oil, the Mobil Super ™ family of motor oils from premium quality and other lubricants and fluids for daily driving. thanks to a very stable and strong distributor network and an extensive retail network.

Scheduled to launch in spring 2020, the joint venture will create a digital automotive maintenance ecosystem that will integrate suppliers and customers of Mobil-branded lubricants and other vehicle maintenance products and services. This will enable participating vehicle service retail stores to provide consumers with convenient, high-quality and reliable service and quality Mobil products at tens of thousands of Mobil-branded car outlets and certified partner stores. in joint venture. This joint venture will extend and improve the existing network of Mobil 1 Car Care points of sale and significantly strengthen the offer for the Chinese car owner.

“ExxonMobil continually strives to meet the growing demand for high-quality products and services in China,” said Song-Ping Teoh, ExxonMobil’s director of lubricants North Asia Pacific. “In addition to the digital and technological expertise of our partners, this joint venture will leverage ExxonMobil’s innovative products and technologies, its long history in the lubricants industry and its extensive network of local partners to provide Chinese customers with a unmatched product and service quality. ”

Tencent says it is optimistic about the long-term growth potential of the automotive aftermarket. Tencent is committed to harnessing the advantages of online traffic, technology and ecosystem, and fully utilizing new technologies for industrial applications, including the implementation of channel digitization through the joint venture with ExxonMobil and Tuhu. In the process of continuously exploring the industrial Internet, Tencent hopes to provide consumers with whole new experiences and businesses with digital solutions.

The joint venture is expected to contribute to the automotive aftermarket supply chain in terms of job creation and economic benefits.

About ExxonMobil

ExxonMobil, the world-renowned international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil has an industry-leading inventory of resources, is one of the largest refiners and distributors of petroleum products, and its chemicals business is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter at www.twitter.com/exxonmobil.

About Tencent

Tencent uses technology to enrich the lives of Internet users. Our communication and social platforms, Weixin and QQ, connect users with each other and with digital content and services, both online and offline, making their lives more convenient. Our targeted advertising platform helps advertisers reach hundreds of millions of consumers in China. Our FinTech and business services support the commercial growth of our partners and support their digital evolution. Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry. Tencent was founded in Shenzhen, China in 1998. Tencent shares (00700.HK) were listed on the Main Board of the Hong Kong Stock Exchange in 2004.