Evergrande and Tencent set up a joint venture to develop vehicle operating systems
On March 15, Evergrande Automobile issued an announcement stating that the company signed an agreement with Beijing Wutong Autolink Technology Co., Ltd., a subsidiary of Tencent Holdings, to invest 60% and 40% respectively to establish joint ventures to jointly develop independent intellectual property rights. Car operating system.
It is reported that Evergrande Motor has already conducted in-depth cooperation with Tencent on the development of a smart car operating system. The joint establishment of the joint venture company can be described as a further deepening of the cooperation between the two parties, aiming to leverage their respective advantages in the fields of new energy vehicle Ru0026D and manufacturing, artificial intelligence, big data, cloud computing, and travel ecology, and jointly build a world-leading smart car ecosystem .
As one of the most watched new car brands in China, Evergrande Motors has released 9 models so far. The first batch of 6 models was released in August 2020, covering from A to D and According to Evergrande’s plan, all passenger vehicle models such as sedan, coupe, SUV, MPV, and crossover will start trial production in the first half of 2021, and will gradually achieve mass production in the second half of the year. Three models were released in February 2021, namely Hengchi 7, Hengchi 8, and Hengchi 9. Among them, Hengchi 7 is a pure electric B-class sedan, Hengchi 8 is a pure electric C-class coupe, and Hengchi 8 is a pure electric C-class coupe. The Chi 9 is a pure electric B-segment mid-size SUV.
Hengda Automobile once stated that the company has 14 models in development at the same time, which means that in addition to the above 9 models, there may be 5 models to be announced in the future. With these products, Xu Jiayin declared: Evergrande Automobile plans to invest 45 billion in three years to build 10 production bases around the world, with an annual output of 1 million vehicles in 3-5 years, and become the world's largest and strongest new energy vehicle group.
Although the words are a bit big, with the orderly advancement of all work of Evergrande Auto and the successive arrival of relevant partners, it will undoubtedly push Evergrande Auto to the above goals.
As a system-level solution provider under Tencent, Wutong Autolink was split from Tencent in July 2018 and introduced Changan Automobile and Jiaxing Xinlian as initial shareholders. The company has been committed to the industry since its establishment. Create an operating system-level car networking solution with high openness, high adaptability, and deep personalization. In 2019, Wutong Automobile Association officially released the TINNOVEOS automotive intelligent system, which deeply integrates the basic capabilities of Tencent Automobile Association and Tencent's core ecological resources, and is the first to be installed on the Changan CS85 COUPE model.
Afterwards, Wutong Automobile Association successively launched TINNOVE 2.0 and TINNOVE 3.0, and released the product details of TINNOVE OpenOS 'Technology Base' and TINNOVE 3.0 integrated solution for the first time in November 2020. Among them, OpenOS is expected to be equipped with products from 40-50 eco-cooperative manufacturers. The prototype system is reported to have been verified on more than 400,000 vehicles, and it is expected to be implemented on Changan models around June 2021. TINNOVE 3.0 further refines the driving scene and builds a more complete intelligent travel scene service solution.
This cooperation with Evergrande Motors means that the Hengchi models that will be launched in the future are also expected to become highly technological under the empowerment of Tencent Internet ecology, car networking, artificial intelligence, big data and other capabilities. The intelligent and connected mobile space can realize scene applications such as office, entertainment, education, shopping, telemedicine, etc., and provide users with a more intelligent life experience.
