Neusoft Reach and Denso China set up a joint venture in the field of new energy vehicles

2018/10/19 Neusoft Reach 117

[October 17, 2018, China, Dalian] Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Neusoft Reach") and Denso, an innovative enterprise of Neusoft Group (600718.SH) with automotive technology as its core. (China) Investment Co., Ltd. (hereinafter referred to as "Electrical Equipment China") signed a contract to jointly establish Reach Denso (Dalian) Electric System Co., Ltd. to develop and sell motor controllers and related ancillary products, and jointly open electric A new journey for the automotive industry.

According to the cooperation agreement, the total investment of the joint venture company is RMB 175 million and the registered capital is RMB 70 million. Among them, Neusoft Reach holds 60% of the shares and Denso China holds 40% of the shares.

Neusoft Reach is an innovative company with automotive technology as its core, focusing on intelligent networking, autonomous driving, electric vehicles and car sharing, providing next-generation automotive products, platforms and key technologies.

Denso China is an investment company of Denso in China. Denso is one of the world's top suppliers of automotive system components and one of the world's top 500 companies. It has industry leading advantages in environmental protection, engine management, and body electronics.

The joint venture company is positioned as a technology-based company. After its establishment, it will fully integrate Neusoft Reach industry, standard accumulation and product innovation capabilities in the field of electric vehicles and the leading global product technology capabilities of Denso, and realize joint innovation and upgrade of technology. Providing industry-leading and outstanding products to promote the rapid development of the new energy automobile industry.



About Neusoft Reach

Neusoft Reach is an innovative company with automotive technology as its core, focusing on intelligent networking, autonomous driving, electric vehicles and car sharing, providing next-generation automotive products, platforms and key technologies. In the future, Neusoft Reach will be committed to becoming a reliable component and intelligent network technology supplier for vehicle manufacturers, and is committed to building a global leading new energy vehicle travel service provider by integrating diversified technical capabilities and resource services. For more information, please search for the Neusoft Reach public number: neusoftreach

About Denso China

Denso is one of the world's leading auto parts manufacturers. Ranked 229th among the world's top 500 companies in 2018 and 57 of the world's top 500 companies in China. Today, Denso has nearly 200 affiliated companies in more than 30 countries and regions around the world, with more than 160,000 employees. As a general company of Denso in China, Denso (China) Investment Co., Ltd. was established in 2003. At present, there are 29 affiliated companies in China, including production companies, sales companies and software development companies. Sales, after-sales service system and production supply system.

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