Baoneng Auto, Bosch enter into partnership to co-develop autonomous vehicle, IoV
Baoneng Auto and Bosch (China) Investment Ltd. (hereinafter referred to as Bosch) inked a strategic cooperation agreement on August 16 to work together on developing vehicles, smart urban traffic system and such cutting-edge technologies as EV(electric vehicle) system, autonomous driving and IoV (Internet of vehicles).
Yao Zhenhua, chairman of Baoneng Group, said at the signing ceremony that Baoneng Auto and Qoros Auto are committed to providing the safe products with high quality for consumers. It wishes to develop all-round cooperation with Bosch, the world-leading auto parts supplier, in automobile and other relevant domains. For instance, the intelligent household appliances developed by Bosch could be utilized in Baoneng Group's real estate programs through the partnership.
Dr. Dirk Hoheisel, a member of Bosch's board of directors, delivered an introduction about Bosch's leading advantages in autonomous driving, intelligent connectivity and the Germany Industrie 4.0, which is the German's strategic initiative to establish Germany as a lead market and provider of advanced manufacturing solutions. Meanwhile, he expressed the hope over the comprehensive collaboration with Baoneng Group in automotive and other industrial technologies and markets.
Automakers and tech companies are embracing a significant industrial transformation arising from the convergence of the vehicle electrification, intelligentization as well as the innovation and reform of manufacturing and operation. Baoneng Group is not an exception as well. In last December, the group became a strategic investor of Qoros Auto. Driven by Baoneng Group's capital injection, Qoros Auto has achieved splendid year-on-year sales growth so far this year. Besides, at 2018 Auto China, the automaker launched its MILE Project in line with the trend of multi-functionalization, highly intelligence, new material and NEV. 
Previous:Didi Chuxing announces shut of hitching service, lays off two senior executives
Next:Baidu to bring autonomous vehicles to Anhui-based China Speech Valley