NXP has reached a strategic cooperation with GAC Research Institute and Continental to create a new generation of world-leading intelligent connected products

NXP (China) Management Co., Ltd. (hereinafter referred to as "NXP") recently signed a strategic cooperation agreement with GAC Research Institute and Continental Investment (China) Co., Ltd. (hereinafter referred to as "Continental") in Guangzhou. The three parties will jointly create a new generation of intelligent connected products that are future-oriented and world-leading. Wu Jian, President of GAC Research Institute, Tom Ton, President and CEO of Continental China, and Li Tingwei, Senior Vice President and Chairman of Greater China of NXP, attended and witnessed the signing ceremony.

Figure 1: Representatives of GAC Research Institute, Continental AG and NXP sign the contract

With the accelerated development of electric and intelligent vehicles, the automotive industry chain is facing reconstruction. Broadening and deepening cooperation in the field of intelligent networking is in line with the sustainable development goals of all parties in the industry chain. This strategic cooperation adopts the "strong binding" joint development model for the first time, giving full play to the advantages of the three parties, aiming to jointly create intelligent network products that meet the development needs of GAC's intelligent networked vehicles and have global leading advantages. Based on the localization strategy, NXP and Continental will send local Chinese R&D teams to participate in this joint development.

Figure 2 Wu Jian, President of GAC Research Institute, delivering a speech

Wu Jian, president of GAC Research Institute, said: "GAC Research Institute will adhere to the organic combination of independent innovation and open cooperation, drive development with innovation, work with top global partners, integrate advanced technologies, and jointly promote GAC's technological innovation in the field of intelligent networking, bringing consumers a smarter and better travel experience."

Figure 3 Continental China President and CEO Tom Ton delivers a speech

Tang En, President and CEO of Continental China, said: "Continental will work hand in hand with NXP to fully support GAC Research Institute in its innovative research and development work, and help GAC's independent brands create world-leading intelligent connected products."

Figure 4 Li Tingwei, senior vice president and chairman of NXP Greater China, delivered a speech

Li Tingwei, senior vice president and chairman of NXP Greater China, said: "NXP will actively work with GAC Research Institute and Continental to jointly create, promote the construction of a new ecological closed loop of China's automotive industry, and accelerate the early implementation of innovative technologies into mass production."