NAVINFO CO., LTD.

002405
End-of-day quote Shenzhen Stock Exchange - 06:00 2022-12-01 pm EST
11.80 CNY -0.25%

NavInfo Partners With China Automotive Innovation

07/29/2022 | 12:17am
(MT Newswires) -- NavInfo (SHE:002405) formed a strategic alliance with China Automotive Innovation or CAIC, a company set up by a number of industry players, to develop smart driving technologies.

The Chinese navigation electronic services company and CAIC will combine their resources and technologies in exploring future new technologies in the auto sector, according to a filing on Thursday.

The partnership will cover software and hardware services for advanced intelligent driving and promote the large-scale commercialization of autonomous driving technology, NavInfo said.

Jiangsu-based CAIC is backed by state-owned China South Industries Group, FAW Jiefang (SHE:000800) parent FAW Group, Dongfeng Motor Group (SHA:600006, HKG:0489), Chongqing Changan Automobile (SHE:000625) and Nanjing Jiangning Economic Development Zone Technology.

Price (HKD): $14.07, Change: $+0.29, Percent Change: +2.10%

MT Newswires 2022
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