Financial Intelligence APP learned that on October 12, Speedinno Technology (02498) and GAC Aion officially reached a strategic cooperation agreement to further deepen their partnership. On the same day, the signing ceremony took place at the RoboSense Speedinno Technology headquarters in Shenzhen. With the joint witness of RoboSense Speedinno Technology CEO Qiu Chunchao and GAC Aion Deputy General Manager Xi Zhongmin, Speedinno Technology Vice President of Marketing Shi Yi and GAC Aion Procurement Director Huang Richang signed a strategic cooperation agreement on behalf of both parties.

In this strategic cooperation, both parties promise to further leverage their respective business strengths to promote mutually beneficial development. Leveraging its globally leading lidar technology strength, extensive accumulation of scalable applications, and strong reliable mass production delivery capabilities, Speedinno Technology will become the priority partner for GAC Aion's future new energy vehicle projects, platforms, and models. They will provide industry-leading lidar products and solutions to enhance intelligent driving safety, explore innovative technologies for advanced intelligent driving, and popularize intelligent driving experiences in a broader market.

As a leading company in the industry, RoboSense Speedinno Technology focuses on AI, chip, and hardware technologies, providing sensors, solutions, and other products for the automotive and robotics fields. By the end of June 2024, RoboSense Speedinno Technology has secured designated spots for 80 vehicle models with 22 whole vehicle manufacturers and Tier 1 suppliers, facilitating the mass production implementation of 29 vehicle models. By the end of September 2024, RoboSense Speedinno Technology's total sales volume of lidar has exceeded 0.72 million units. According to the world's top lidar supplier installations ranking, as of June 2024, Speedinno Technology leads the industry with a market share of 40.3%.

GAC Aion is the strategic core carrier of GAC Group (02238) for developing intelligent connected new energy vehicles, dedicated to providing world-class mobile intelligent new energy products and services. Currently, GAC Aion has become one of the top global New Energy Vehicle (NEV) enterprises, stably ranking in the top three of the industry. As China's first EV (Pure Electric) + ICV (Intelligent Connected Vehicle) full-stack self-developed car company, GAC Aion has successfully built a technological moat and formed a highly competitive product matrix covering sedans, SUVs, supercars, leading the new energy vehicle market.

Furthermore, in their recent collaboration, the second-generation Aion V Iron Lion and the latest debut A+ level intelligent driving sedan Aion RT, have each introduced versions equipped with advanced lidar for high-level intelligent driving. During the critical period of rapid autonomous driving popularization, they lead the industry by being the first to achieve mass production and delivery of vehicles equipped with lidar in the 0.15-0.2 million yuan range, further promoting the popularization of advanced intelligent driving and providing users with an advanced technological experience ahead of others.

Deepening the strategic partnership this time is another important moment for Sensortech to join hands with Guangzhou Automobile Group AEA to promote industrial transformation and assist in smart driving safety. RoboSense Sensortech M Platform's lidar, as the core sensor widely chosen by mainstream high-end smart driving models, actively emits laser to eliminate the influence of ambient light, real-time collects high-precision three-dimensional spatial data information, ensures effective detection of unknown obstacles, irregular vehicles, and other objects, and is suitable for night or strong light scenes, significantly enhancing the perception capability of advanced smart driving systems in multiple scenarios, providing more redundancy for safety.

In the future, RoboSense Sensortech and Guangzhou Automobile Group AEA will further promote "technology equality", jointly explore more possibilities of intelligent driving technology, continuously provide leading advanced smart driving revolutionary solutions for the market with ultimate innovation, promote the mass production application of intelligent driving in more mainstream vehicle models, achieve safer, more convenient, and efficient smart travel, grow hand in hand with Chinese automobile brands, and become the leader in the global smart automobile market.