Summary by Futu AI
SHIJIANG AUTOMOBILE TECHNOLOGY (SUZHOU) CO., LTD. (“SHIJIANG AUTO TECHNOLOGY”) ANNOUNCED ON APRIL 3, 2024 THAT THE COMPANY RECENTLY RECEIVED A TARGET DEVELOPMENT NOTICE FROM A WELL-KNOWN DOMESTIC FLYING CAR COMPANY CONFIRMING THAT CHIJIANG AUTOMOTIVE TECHNOLOGY IS A SUPPLIER OF AUTOMOTIVE AUTOMOTIVE SOLUTIONS FOR THE COMPANY. Xihang Automotive Technologies will provide a software-hardware integration solution at the heart of the autopilot controller iDC High. This collaboration demonstrates the R&D capabilities of renowned automotive technology to gain new customer recognition and will further enhance its market position in the field of new energy passenger vehicles. The company said it will actively advance R&D projects while strengthening risk management. The Board urges shareholders and potential investors to exercise caution when trading the Company's securities.