On April 13, a signing ceremony was held between FAW New Energy Research Institute and Shanghai Jidan to strengthen the cooperation on semicoductor and related components for new energy vehicles. Mr. Lu Jun Vice President, Xu Jianbo, Sales Director and  Mr. Ou Jianmin Technical Director of Shanghai Jidian Electronics Technology Co., Ltd.  Mr. Ji Jiajie, Representative of Panasonic, Mr. Zhao Huichao, Director of FAW New Energy Research Institute. attended the signing ceremony.
FAW as a mega scale automobiles manufacturing enterprise directly under the central government, after more than 60 years of development has abundant design experience and development excellence. FAW is active on independent innovation and production in the field of new energy vehicles. FAW has a huge consumer base and broad market coverage domestic and abroad.
Shanghai Jidan as a high-tech private enterprise, ranked the Top 100 private enterprises in Shanghai for four consecutive years. Shanghai Jidian is alos distributors of many world-famous semiconductors and components brands, system integrator of industrial automation products. We actively respond to the State Council's initiative on "Made in China 2025" and seize this major historical opportunity to provide competitive solutions, products and services to a large number of enterprises in Asia.
Shanghai Jidian will cooperate with FAW in all dimensions on the basic technology platform of new energy vehicle, joint togther on R&D and production of NEV, share advanced experience with FAW on upgrading of products, it will bring complementary advantages to both parties and enjoy mutual benefits on resource sharing. It will improve the core competitiveness of enterprises, realize intelligent transformation and create new growth points to the industry.