Guangzhou, China – September 10, 2021 – NXP (China) Management Co., Ltd. (hereinafter referred to as “NXP”) recently signed a contract with GAC Research Institute and Continental Investment (China) Co., Ltd. (hereinafter referred to as “Continental Group”) in Guangzhou Under the strategic cooperation agreement, the three parties will jointly create a new generation of future-oriented and world-leading intelligent connected products. Wu Jian, President of GAC Research Institute, Tang En, President and CEO of Continental Group China, and Li Tingwei, Senior Vice President and Chairman of NXP Greater China, attended and witnessed the signing.
Figure 1: GAC Research Institute, Continental Group and NXP representatives signed a contract
With the accelerated development of vehicle electrification and intelligent interconnection, the automobile industry chain is facing restructuring. Broadening and deepening cooperation in the field of intelligent network connection is in line with the sustainable development goals of enterprises in the industry chain. For the first time, this strategic cooperation adopts the joint development model of “strong binding” to give full play to the advantages of the three parties. Based on the localization strategy, both NXP and Continental will send local Chinese R&D teams to participate in this joint development.
Figure 2: Speech by Wu Jian, President of GAC Research Institute
Wu Jian, President of GAC Research Institute, said: “The GAC Research Institute will adhere to the organic combination of independent innovation and open cooperation, drive development with innovation, join hands with top global partners, integrate advanced technologies, and jointly promote GAC’s technological innovation in the field of intelligent connectivity. Bringing consumers a smarter and better travel experience.”
Figure 3: Speech by Tang En, President and CEO of Continental China
Tang En, President and CEO of Continental China, said: “Continental will work hand in hand with NXP to fully support the GAC Research Institute to carry out innovative research and development work, and help GAC’s own brands to build the world’s leading intelligent connected products.”
Figure 4: Speech by Li Tingwei, Senior Vice President and Chairman of NXP Greater China
Li Tingwei, Senior Vice President of NXP and Chairman of Greater China, said: “NXP will actively cooperate with GAC Research Institute and Continental to carry out co-creation, promote the construction of a new ecological closed loop in China’s auto industry, and accelerate the early mass production of innovative technologies.”