(November 8, 2023, Hong Kong) - China's leading automotive electronics solutions providerYingheng Technology Holdings Limited (“Yingheng TechnologyTechnology” or “Group”; stock code: 1760.HK)We are pleased to announce the establishment of an R&D center at the Hong Kong Science Park. The establishment of the R&D center is Yingheng Technology's strategic plan in the Greater Bay Area. It can not only accelerate the Group's overseas market expansion, but also establish an international talent team. Mr. Huang Keqiang, CEO of Hong Kong Science and Technology Parks Corporation, was invited to the inauguration ceremony to exchange experiences with the Group's management, including Mr. Lu Yingming, Co-Founder and Co-CEO, and Mr. Chen Changyi, Co-Founder and Co-CEO of the Group, and Mr. Chen Changyi, Co-Founder and Co-CEO, to witness a new chapter in Yingheng Technology's development.
(From left to right) Mr. Qin Chen, Chief Technical Director of Yingheng Technology; Huang, Executive Director and Chief Financial Officer of Yingheng TechnologyMr. Xi Hua, Yingheng TechnologyCo-Founder, Chairman and Co-CEO Mr. Lu Yingming, CEO of Hong Kong Science and Technology Parks Corporation, Mr. Huang Keqiang, CEO of Hong Kong Science and Technology, Co-Founder, Yingheng TechnologyOrganizer and Co-CEO Mr. Chen Changyi; Executive Director and General Manager Mr. Chen Ming
Mr. Lu Yingming, Co-Founder, Chairman and Co-CEO of Yingheng Technology, said:“Hong Kong will become the Group's largest operating base in the Greater Bay Area. The R&D center is mainly responsible for intelligent automotive software, advanced power semiconductor applications, and collaborative robot solutions. It focuses on assisting Hong Kong and overseas companies to accelerate the expansion of the Chinese NEV market, while also making good arrangements for us to enter overseas markets. We are committed to becoming a key partner in the field of microelectronics, robotics and intelligent driving in the Greater Bay Area, and we hope to become one of the important drivers for accelerating the development and industrialization of cutting-edge technologies such as new energy vehicles, robotics, and intelligent driving.”
Yingheng Technology has been deeply involved in the automotive electronics industry for over 20 years. Relying on its strong R&D capabilities and industrialization capabilities for new energy vehicles, it has helped automakers and their parts suppliers implement cost-effective mass production plans and accelerate the process of industrialization. Once the R&D center is officially put into operation, it will play a key role in providing innovative technical support and strategic direction to the Group.
As a technology driver for the industry, Yingheng Technology will promote technological innovation and industrial development in the automotive electronics ecosystem and partners through cooperation with local research institutions, institutions of higher learning and enterprises, build a prosperous innovation ecosystem for the Greater Bay Area, and become a key partner in automotive electronics. To achieve this vision, Yingheng Technology will establish an international research talent pool, and plans to invest a large amount of resources over the next 3 years to recruit at least 100 scientific researchers. At the same time, the Group will also focus on cultivating young local scientific researchers, providing them with professional training and development opportunities, and helping them achieve breakthrough achievements in the field of science and technology.
Mr. Huang Keqiang, CEO of Hong Kong Science and Technology Parks Corporation, said:“The Hong Kong Science and Technology Parks Corporation welcomes Yingheng Technology's R&D center in our dynamic innovation and technology ecosystem, using our top-tier infrastructure, facilities and partner network to promote collaboration, thereby promoting innovation in the fields of microelectronics and automotive technology. The Hong Kong Science and Technology Parks Corporation is committed to working with Yingheng Technology to attract key enterprises, investment and talents, strengthen Hong Kong's position in advanced manufacturing, and provide excellent employment opportunities in the booming innovation and technology ecosystem.”
The Hong Kong Science Park is currently the largest research base in Hong Kong, providing enterprises with scientific research facilities, infrastructure, services and planning support. Many high-tech companies have chosen to take root here to explore the Hong Kong market while also going international.
About Yingheng Technology Holdings Limited
Yingheng Technology Holdings Co., Ltd. is a leading automotive electronics solution provider in China, focusing on providing new energy, intelligent driving, and intelligenceSolutions for critical automotive electronic components capable of connectivity, body control, safety and power transmission systems. The Group uses its own engineering research and developmentPower, combined with advanced semiconductor devices, provides customers with complete commercialization solutions and helps automakers reach industry-leading levels.Yingheng Technology was included in the Morgan Stanley China Index (MSCI China Index) and the FTSE Russell Global Stock Index series (FTSE global Equity Index Series).