By Li Panpan
Chinese auto manufacturer BAIC Group and Bethel Automotive Safety Systems Co., Ltd. (WBTL伯特利) signed a five-year strategic cooperation agreement to strengthen further cooperation in chassis, car body, and intelligent driving, announced BAIC Group on January 31.
BAIC Group and WBTL will create a future-oriented collaborative innovation system for technologies about essential automotive parts, said the agreement.
WBTL is based in Wuhan in central China's Hubei Province. It was founded in June 2004 and listed on the Shanghai Stock Exchange in 2018. It focuses on products of automotive safety systems and advanced driver assistance systems. Its brake-by-wire product technology is at the forefront of the world, said its website.
BAIC Group said the agreement would broaden the security moat and optimize the cost of its supply chain, and help establish a more controllable, safer, and higher-quality local supply chain in China's automotive industry.
RELATED
READ MOST
-
ijiweiTalk Ep 244: China Cracked Quantum Encryption? END GAME of password!
1.2w
03-14 13:56 -
China’s national semiconductor Big Fund injects $1.87 billion into the country’s top memory chipmaker YMTC with a stake in it
8745
03-02 21:33 -
ijiweiTalk Ep 239: Metaverse's huge business loss, where did the money go?
8081
02-27 11:16 -
China’s top international trade organization CCPIT: US' abuse of export control measures will seriously hinder the advance of chip industries in both China and the world
7855
02-23 17:28 -
JW Insights: China’s booming display panel industry prompts upstream polarizer companies to expand production and seek M&As
7644
02-23 18:31
