GAC Group joins hands with SAIC Group to explore technologies such as vehicle electrical separation

ON December 23, GAC Group and SAIC Group signed a strategic cooperation framework agreement, creating a new situation for the cooperation and development of the domestic automobile industry. Under the witness of Zeng Qinghong, Chairman of GAC Group, and Chen Hong, Chairman of SAIC Group, Feng Xingya, General Manager of GAC Group, and Wang Xiaoqiu, President of SAIC Group, signed the agreement on behalf of both parties.

According to the agreement, the two parties will actively explore cooperation in related fields such as technology research and development, resource coordination, investment layout, market expansion, business model innovation and international operations. This is the first time that two high-end manufacturing enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta Economic Circle have joined hands. Sharing, creating economies of scale and synergies, thereby improving efficiency, providing customers with better products and services, and effectively promoting the high-quality development of China’s auto industry.

(The picture comes from Xinhuanet)

Driven by a new round of scientific and technological revolution and industrial transformation, the automobile industry is showing the development trend of electrification, intelligent networking, internationalization, sharing and digitization. The pattern and other aspects are facing profound changes. The two parties will actively seize the strategic opportunity of the transformation of the automotive industry and explore cooperation in various business fields.

In the fields of new energy, intelligence, networking, and lightweighting, the two parties will jointly develop core technologies and discuss joint investment and development of strategic core technologies and platforms; in the field of manufacturing, the two parties will share industrial chain resources and discuss Collaborate and cooperate, and plan to cooperate in logistics, auto finance, insurance services, after-market fields, industrial investment, etc. At the same time, both parties focus on new business models and plan to strengthen research and development in car sharing, travel services, separation of vehicles and electricity, etc. Cooperation; both parties will work together to expand overseas markets and explore cooperation in overseas terminal network resources, overseas business partners, overseas manufacturing resources, and international logistics.