Shanghai (ZXZC)- Chery Holding and Boe Technology Group Co., Ltd. (BOE) inked an agreement on July 15 to carry out cooperation on smart in-car cockpit solutions, IoV (Internet of Vehicles) business, and the solutions for multiple smart IoT (Internet of Things) scenarios, according to Chery Holding's WeChat account.

Chery Holding, BOE signing agreement; photo credit: Chery Holding

As part of joint efforts to develop in-car smart cockpit solutions, both parties will leverage their industrial resources and technical strengths to build a joint innovation lab dedicated to the development of application scenarios and market demands.

In terms of IoV, the two companies will boost the innovative R&D and in-depth applications of liquid crystal antenna, thin-film-based antenna, privacy glass, window display, and OLED automotive lighting.

Under the agreement, Chery Holding and BOE will also co-explore the new business chances and innovate in business models for such IoT scenarios as smart city, smart factory, intelligent industrial park, smart finance, and 4S shop marketing.

Chery Holding said it is vigorously deploying automotive intelligent technologies while grasping deep technical insight in the field of traditional automobiles. It started developing automotive intelligent and connected technologies in 2010. As of today, Chery’s in-house developed intelligent-connected onboard system “Chery LION Intelligent Cloud” has advanced to the 4.0 version and had over 500,000 users. In addition, Chery has already put its Level 2+ autonomous driving technology into volume production and aims to achieve the application of Level 4 technology in 2025.

BOE, a global leader in the display industry, has established the "1+4+N" business structure centered on semiconductor display and composed of four business groups, namely Mini LED, Sensors and Solutions, Smart System Innovation and Smart Healthcare. It has so far rolled out many technologies and products like OLED display, BD Cell, and multi-connected screen for automotive dashboard, center console, window display, and head-up display.