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Chengdu’s Aoxing, Russia’s NPP Itelma to Co-Establish ECU R&D Center

Updated: undefined AT,[CRE  CLOSE

Chengdu Aoxing Group and Russian NPP Itelma Group signed a cooperative agreement on co-establishing a joint venture specializing in the R&D and manufacturing of smart car driving systems, according to sources from Chengdu Hi-tech Industrial Development Zone on June 11.

The two companies came to the agreement at the Hannover Messe 2017 in April, to work together on electronic control units (ECU), based on which, with an estimated investment totaling RMB600 million, the two sides will co-build a joint venture at Chengdu Hi-tech Zone. Expected to generate an annual production value of RMB4 billion, the new company will bring in NPP Itelma's strong software technologies to improve its system integration capabilities, and build an ECU lab, a test center and a smart manufacturing facility.

In addition, with the help of the Russian company's strong scientific research strength in military aerospace technology, the joint-venture company will focus on independent innovation in the civil aviation industry.

(Source: http://www.gochengdu.cn/news/Highlights/chengdu-s-aoxing-russia-s-npp-itelma-to-co-establish-ecu-r-d-center-a5261.html)

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