Gelonghui, April 22 | Siweituxin (002405.SZ) announced that recently, the company and Beijing Qingzhou Intelligent Aviation Technology Co., Ltd. (hereinafter referred to as “Qingzhou Intelligent Aviation”) signed a “Strategic Cooperation Framework Agreement”. The two sides will combine their customer resources and product capabilities in the passenger vehicle field to achieve high-quality and high-standard cooperation goals, strengthen practical cooperation in intelligent driving solutions, closed data loops, etc., and achieve mutually beneficial and win-win development between the company and Qingzhou Intelligent Aviation.

According to the cooperation agreement, the areas and methods of cooperation are as follows: (1) The two sides cooperate to jointly create a global advanced intelligent driving solution based on light maps. (2) The two sides jointly explore capacity improvements, including but not limited to data transmission for intelligent driving prototypes/mass-produced vehicles, rapid mapping and updating of maps, data simulation, algorithm training, and cloud management of advanced autonomous driving systems, and jointly design and build advanced data closed-loop solutions. (3) The two sides jointly develop competitive mid-level smart driving and future integrated cabin and parking solutions for the intelligent development of complete vehicles. At the same time, establish a close cooperation model to promote the market and jointly expand target customers. (4) The two sides jointly discuss product technology cooperation in digital acquisition, compliance, operation and maintenance, simulation labeling, algorithm training, etc., to support the development and continuous iteration of autonomous driving algorithms.

In addition to the direction of cooperation mentioned above, the two sides have further expanded the cooperative ecosystem between the two sides and realized industry resource sharing through irregular thematic exchanges and seminars. In the process of future cooperation, if the two sides agree that there are opportunities for cooperation in other directions, the two sides will further cooperate and discuss specific businesses.

In this strategic partnership, the two parties will make full use of their respective customer resources and product capabilities in the passenger car field to jointly deepen practical cooperation on intelligent driving solutions and closed data loops. Through close cooperation between the two sides, complementary technical advantages will be achieved, and the two sides will jointly promote the development, marketing and application implementation of related products, expand the scope of application in more models and scenarios, and further enhance the overall competitiveness of the two sides in the field of intelligent driving technology. This cooperation will also bring more cost-effective intelligent solutions to achieve mutual benefit and win-win situation for both parties.

This cooperation is of great significance for the application and promotion of the company's lightweight high-precision maps (HD Lite) and high-end smart driving products. It can continuously enhance the company's market competitiveness in key fields such as intelligent driving solutions and closed loop data, and conforms to the company's development strategy and shareholders' interests.