Press release
CarParts.com Secures Strategic Investment from Global Industry Leaders ZongTeng Group, A-Premium, and CDH Investments
Premium Valuation and $35 Million Investment Signal Strong Confidence in CarParts.com's Market Position and Growth Strategy Transaction Concludes Strategic
About this update from Carparts.com, Inc.
[{"type":"text","content":"Premium Valuation and $35 Million Investment Signal Strong Confidence in CarParts.com's Market Position and Growth Strategy\nTransaction Concludes Strategic Alternatives Review Process Announced in March 2025\nLOS ANGELES, Sept. 9, 2025 /PRNewswire/ -- CarParts.com, Inc. (NASDAQ: PRTS), a leading e-commerce provider of automotive parts and accessories, today announced that it has secured a strategic investment from ZongTeng Group, a world-class distribution and logistics powerhouse, A-Premium, a recognized global leader in mechanical parts procurement, marketing and e-commerce, and CDH Investments, a highly respected asset manager.\n\n \n \n \n \n \n \n\n \nThe investment in CarParts.com by ZongTeng Group, A-Premium, and CDH Investments represents a powerful validation of CarParts.com's technology platform, market position, and growth trajectory. With over 2.5 million unique customers served annually and strategic distribution centers providing 2-day delivery coverage to 95% of the U.S., CarParts.com offers unmatched reach and infrastructure that will be significantly enhanced through this partnership.\nAs part of the transaction, ZongTeng Group, A-Premium, and CDH Investments will invest a total of $35.7 million into CarParts.com. This capital infusion not only strengthens the company's balance sheet but also provides flexible, low-cost growth capital to fund strategic initiatives. CarParts.com will leverage these resources to expand its product assortment, enhance its customer experience and accelerate key operational improvements, positioning the company to better serve its customers while driving long-term growth and profitability.\nCarParts.com and A-Premium have also entered a long-term commercial partnership that will provide CarParts.com customers access to over 150,000 additional products, including proprietary kits and bundles. Together with A-Premium, CarParts.com will provide customers with a significantly broader and more complete solution for their automotive needs, further strengthening CarParts.com's position as a one-stop destination for both do-it-yourself (DIY) customers and professional installers.\nCarParts.com and ZongTeng Group will work together to find ways to leverage ZongTeng Group's world-class distribution and logistics expertise to accelerate CarParts.com's ability to deliver parts faster and more e...