Group dynamics: another major move in the group's smart car layout

March 27, 2020
As the epidemic situation is nearing its end, Dongfeng Group Co., Ltd. can't wait to deploy smart cars, and the group's smart car and smart travel business will take it to the next level. A thunder operation surfaced yesterday.

On March 26th, Shanghai Pateo won a strategic investment from Chinese automobile giant Dongfeng Motor Group Co., Ltd. The two parties will carry out in-depth cooperation to jointly open up a new era of connected vehicles.

latest company news about Group dynamics: another major move in the group's smart car layout  0

In recent years, Dongfeng Group has been expanding its emerging business, deploying smart cars and smart mobility, and Botai has cooperated with Dongfeng Group for many years, including co-released with Dongfeng Passenger Car and Baidu Doubi Division during the Beijing Auto Show in April 2018. WindLink 3.0 artificial intelligence vehicle system.

Dongfeng Group makes strategic investment in Botai

博 In the past few years, Botai has cooperated well with Dongfeng Motor Group Co., Ltd. This investment in Dongfeng Group is a strategic investor injecting capital into Botai. The amount of investment and the specific share ratio are not clear.

Under the strategic positioning of "excellent enterprise providing users with comprehensive high-quality automotive products and services", in recent years, Dongfeng Group has actively expanded its emerging businesses, deployed smart cars and smart mobility, and promoted the transformation and upgrading of enterprises. It is even more important to speed up the deployment of smart cars and smart travel in epidemic events.

"As an independent third-party service provider, Botai continues to deepen the field of vehicle networking. Botai is very proud and proud to be able to obtain the strategic investment of Dongfeng Group. This strategic investment will deepen Botai's advantages. In the future, Botai will cooperate with various Depots have more cooperation at the capital level, business level, and business model level to contribute to the Chinese automotive industry. "Said Yitai Lun, founder and chairman of Botai.

Botai was established in October 2009 and is headquartered in Shanghai. It is mainly engaged in the R & D, manufacturing and provision of supporting services for intelligent in-vehicle information service systems. As an independent third-party service provider, it is committed to building an integrated vehicle, Internet and mobile phone. The cross-platform system with automotive life services as its core provides connected car products or services for several major domestic automobile groups, such as Bentley, Jaguar Land Rover and other luxury car brands.

近 In the past 10 years of establishment, Botai has invested more than one billion R & D funds and continued to invest 28% of its annual revenue. It has a full set of operating qualifications in the Chinese car networking market. In the field of intelligent network patents, Botai ranked first for two consecutive years, ranking 104th among the top 500 nationwide.

In the future, the smart car ecosystem of Dongfeng Group will become bigger and bigger.