Shanghai (ZXZC)- Zhejiang Geely Holding Group (Geely Holding) and China Telecom, a Chinese state-owned telecommunication company, inked a strategic cooperation framework agreement on November 26 to jointly build a next-generation vehicle-to-home Internet business mode and a multifaceted smart mobility ecosystem, according to Geely Holding's official WeChat account.

Under the agreement, both companies will pursue cooperation on corporation informationization, vehicle-to-home Internet, cloud computing, big data, 5G technology, V2X (vehicle-to-everything), edge computing, International businesses, etc. They are going to co-build a special working group or a joint venture to implement concrete programs and expand the scope of cooperation.

Geely Holding said it is working on improving its digital capability and enriching travelling scenarios in recent years by proactively making layouts in sharing mobility, flying car, Wi-Fi available for high-speed rail. Geely Holding will give full play to its rich experience in transportation, intelligent ecosystem and customer experience, along with China Telecom's prominent advantages in mobile infrastructures, client resources and informationization applications, to provide users with all-round multi-scenario smart mobility service solutions.

Geely Holding will team up with its strategic partner to co-deploy a future through intelligent multifaceted mobility system and actively explore such fields as in-vehicle chip, IoV (Internet of vehicles), hyper flight train and industrial Internet.