Shanghai (Gasgoo)- On August 26, Baolong Automotive and INGEEK formally signed a joint venture agreement in Shanghai, signaling a significant step toward deeper integration and innovative collaboration in the automotive technology sector.
The partnership aims to combine their strengths in manufacturing, hardware development, smart entry systems, and ecosystem services to provide cutting-edge automotive intelligence solutions and pioneering mobility technologies to car manufacturers in China and around the world.
The joint venture will involve Baolong Automotive and INGEEK's subsidiary, Jinhua Shangkun, investing together to establish a platform for the production of automotive connection systems. This platform will emphasize efficiency, lean processes, flexibility, and intelligence, targeting comprehensive upgrades in production efficiency, product quality, cost control, and supply chain management.
This strategic decision is rooted in both companies' long-term commitment to understanding industry transformation trends and closely analyzing market needs. Baolong Automotive has built a solid foundation over 27 years, supplying high-quality smart and lightweight automotive products to manufacturers worldwide. INGEEK, known for its focus on automotive innovation, brings robust technical capabilities in digital key technology, intelligent connection systems (ICS series solutions), and smart vehicle infrastructure, facilitating seamless integration and communication between vehicles, users, and the broader mobility ecosystem.
In response to the growing wave of automotive digitalization, Baolong Automotive and INGEEK are looking to the future with a focus on digital key technology as a core entry point. The partnership will enhance collaboration in hardware development, innovation, and manufacturing, aiming to create more efficient and advanced solutions for automotive electronic intelligent manufacturing.
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