On December 20, Baolong Technology announced that it is aiming at the innovative development of intelligent networked vehicles and the cross-border cooperation with China's domestic information and communication (ICT) enterprises and Chinese brand vehicle companies. Baolong intends to participate in Guoqi with its own funds. The establishment of Intelligent Networked Automotive Research Institute Co., Ltd. (provisional name, which is subject to the industrial and commercial registration), the amount of RMB 50 million, tentatively accounted for 4.76% of the registered capital.
According to the announcement, Guoqi Intelligent Networking Automobile Research Institute Co., Ltd. is jointly funded by 21 companies, each of which is 50 million yuan, each accounting for 4.76% of the registered capital, all of which are funded in cash. In the end, the new company tentatively registered capital of 1.05 billion yuan.

Specifically, the 21 funded companies are China First Automobile Co., Ltd., Dongfeng Motor (600006, shares) Group Co., Ltd., Chongqing Changan Automobile Co., Ltd., Guangzhou Automobile Group Co., Ltd., Beijing Automotive Research Institute. Co., Ltd., Zhengzhou Yutong Bus Co., Ltd., China National Heavy Duty Truck Group Co., Ltd., China Automotive Engineering Research Institute Co., Ltd., China Automotive Technology Research Center, China North Industries Group Corporation, China Mobile Communications Corporation, China United Network Communications Group Co., Ltd., Shanghai Hao Intelligent Vehicle Technology Co., Ltd., Beijing Siwei Tuxin (002405, shares it) Technology Co., Ltd., Qidi International Co., Ltd., Beijing Xiaoju Technology Co., Ltd., Jiangling Motors (000550, shares) group Company, Zhejiang Asia-Pacific Mechanical & Electrical Co., Ltd., Shanghai Baolong Automobile Technology Co., Ltd., Wuhan Zhonghaiting Data Technology Co., Ltd., Beijing Shunyi Technology Innovation Group Co., Ltd., including automobile enterprises, communication companies, map companies and other intelligent networked automotive fields Heavy
The company's business model is to operate independently, determine the technical direction and research and development tasks, undertake the relevant research and development tasks of the country, meet the needs of all shareholders to develop products and technical consulting services, and cultivate talents, and provide consulting, training and testing services for the industry.
At present, driven by multiple innovations such as technological innovation, policy support and broad market prospects, the development of the global intelligent networked automobile industry has gradually entered the deep water area and began to move toward large-scale landing. According to the US consulting agency IHS, smart cars will enter the homes of ordinary people around 2025. In 2035, sales will exceed 10 million, accounting for 9% of the global auto market. Such a huge market space, while promoting various enterprises in the industrial chain to accelerate product technology research and development, is also considering "combining vertical and horizontal", to accelerate the landing process by means of joint investment, complementary technology, and sharing of results, just like this time. Cooperation.

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