On November 11, NavInfo announced that Beijing NavInfo Technology Co., Ltd. and Volvo Car Technology (Shanghai) Co., Ltd. signed a framework agreement on Internet of Vehicles procurement. In the next three years, the company will undertake the compliance services of Volvo Cars' Internet of Vehicles cloud service platform. The specific amount depends on the domestic sales of relevant Volvo car models that are mass-produced within the above period.
The Internet of Vehicles Procurement Framework Agreement signed by the two parties this time marks Volvo Cars' recognition of NavInfo's intelligent network service capabilities and data compliance operation capabilities, and also lays the foundation for the cooperation between NavInfo and Volvo Cars.
In the future, NavInfo will continue to enhance its efforts in relevant technology research and development and market development, explore the application of related technology products in more fields, lay a solid foundation for the rapid and sustainable development of NavInfo's business, continuously promote the continuous improvement of the company's profitability and operating performance, and give back to investors with good performance.
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