Mengshi Technology announced on the evening of September 1 that the company signed the "New Energy Vehicle Strategic Cooperation Framework Agreement" with Tongji Automobile Design and Research Institute Co., Ltd. ("Tongji Automobile Research Institute") on August 30. The contract is effective from the date of signing by both parties and is valid for five years.
The business scope of Tongji Automobile Research Institute is the development of automobile vehicles, the development, design and research of various automobile products, the design of automobile and parts models, concept cars, display vehicles, automotive high-tech and mechatronic products and software products. Research, sales, technical consulting, technical services, technology transfer, technology development, etc.
According to the agreement, in view of the company's rich experience and research results in the field of power battery, motor, electronic control, and vehicle information systems, Tongji Automobile Research Institute has rich experience and research results in battery management, electric drive, and vehicle design. Co-developing electric vehicles suitable for the needs of the Chinese market, including not limited to electric vehicles: small electric vehicles; pure electric cars; pure electric SUVs; pure electric trucks. The company provides research and development funding support, and Tongji Automobile Research Institute is responsible for overall design development and project coordination.
On the other hand, in view of the company's focus on the development of new energy vehicles, it requires research, development, marketing, management and other talents. Tongji Auto Research Institute agrees to provide support for the company's talent development. At the same time, the company provides an internship environment for Tongji Automobile Research Institute's students relying on the Tongji University Automobile College.
According to the announcement, as the business cooperation involved in this agreement is still in the initial stage of launching, it is expected that the company's 2014 annual operating results will not have a significant impact.
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