1. Home
  2. >
  3. Car News
  4. >
  5. Completed Vehicle
  6. >
  7. Zotye Automobile invests 1.5...

[YesAuto News] On July 16, Zotye Automobile (000980.SZ) announced that it will invest 1.5 billion yuan to build a production base project with an annual output of 1 million sets of intelligent networked automotive electronic components in She County, Huangshan, Anhui.

On July 15th, Zotye Automobile and the People's Government of Shexian County signed the “Investment Agreement on the Project of an Annual Production of 1 Million Sets of Intelligent Connected Automobile Electronic Components Production Base”. Zotye Automobile will set up a wholly-owned subsidiary to be responsible for the construction and operation of the project. According to the agreement, the project plans a total investment of 1.5 billion yuan and a land area of about 200 acres. The project is still in the stage of initiation and establishment.

At present, intelligent networked vehicles have become a major trend in automobile development. According to Zotye Automobile, major international automobile countries have vigorously promoted the intelligentization and networking of automobiles. In view of the current market conditions, Zotye has increased investment in the intelligent network industry, which is in line with the national industrial policy guidance and also in line with the investment promotion of major local projects The policy of attracting investment is conducive to its expansion and development.

In recent years, domestic and foreign auto companies have intensified their deployment in the field of intelligent networking, mainly through alliances with Internet companies. In 2014, SAIC and Alibaba reached a cooperation. Two years later, the two sides jointly launched the first Internet car Roewe RX5. In April 2017, Baidu launched the Apollo program, an open platform for autonomous driving, which attracted the participation of many car companies. In April this year, Changan Automobile and Tencent officially signed a joint venture cooperation agreement for intelligent networked vehicles.

It is worth mentioning that during Premier Li Keqiang's visit to Germany a few days ago, China and Germany signed the “Joint Statement of Intent on Cooperation in the Field of Automated and Connected Driving.” China and Germany will establish a high-level dialogue mechanism to strengthen multi-level exchanges and cooperation between government departments, industry organizations, and enterprises in the fields of autonomous and connected vehicles, including: promoting the formulation and application of international unified standards, Promote the unification of relevant technical requirements, promote the sharing of data between the companies of the two countries in intelligent networked vehicles and infrastructure, improve the laws and regulations of intelligent networked vehicles, promote the formulation of internationally unified radio frequency solutions, and exchange information on unified communication technologies and interoperable solutions Etc., jointly promote the development of intelligent networked vehicles in the two countries.

In this context, BMW and Baidu signed a memorandum of understanding, Daimler signed a letter of intent for cooperation with Tsinghua University, and Audi also signed a memorandum of understanding on strategic cooperation with Huawei. These several cooperations are concentrated in the fields of intelligent transportation, intelligent network connection, autonomous driving and digital services.