Wei to the car and the University of intelligent cooperation in research and development of new energy vehicles for power stations

- Mar 01, 2017-

HKUST announced today that it has signed a strategic cooperation agreement with Shanghai Weilai Automobile Co., Ltd., a wholly-owned subsidiary of Shanghai Yonggan Electromechanical Co., Ltd., which has signed the agreement from the date of signing the two sides to 2019 March 30th.

According to the agreement, this cooperation is to complete the Wei Lai Automobile Company Wei to car R & D and manufacturing tasks, to continue to reduce the power station, and ultimately achieve the goal of mass production to promote.

Data show that Wei to the company registered capital of 554 million US dollars, the main new energy vehicles for the vehicle and related parts of the technology research and development.

The company said that after the signing of the Strategic Cooperation Agreement, the two sides will give full play to their resources and advantages, and carry out long-term cooperation on the new energy vehicle exchange station project, which will help expand and extend the company's intelligent manufacturing business chain, New energy vehicles in the field of business development speed, enhance the company's industrial production of intelligent core business competitiveness, in line with the company's development strategy, and help improve the company's future performance level, in line with the interests of the company and all shareholders.