the electric vehicle unit of BAIC, signed strategic cooperation agreement with Huawei Technologies Co. Ltd., a Chinese multinational networking and telecommunications equipment and services company. The two companies will work together in such fields as cloud computing, vehicle internet and energy internet.
In February, it is reported that Huawei has been conducting research on self-driving vehicle projects and has had in-depth technical cooperation with Tsinghua University. According to Wikipedia, in July 2017, the company surpassed Apple and become the second largest smartphone manufactures in the world.
And apart from Huawei, BAIC also signed cooperation agreement with another smartphone giant in China. On July 28, the carmaker reached strategic cooperation agreement with Xiaomi to work on intelligent driving.
What’s more, BAIC’s another step on intelligent driving was to raise ten billion yuan to build China’s Silicon Valley. On August 14, Zheng Gang, General Manager of BAIC BJEV, announced that the company had managed to get 11.118 billion yuan, which was far more than expected.
It is said that this sum of money will be invested in its new energy vehicle technology innovation center. When completed, there will be nine core R&D centers on vehicle development, battery project, electric drive project, intelligent and connected project, light-weight project etc.