Lianhe Sowell International Group Ltd. Signs Strategic Cooperation Agreement With Subsidiary Of Chery Group Holding Company To Advance Intelligent Equipment In China's Automotive Aftermarket
Under the Agreement, the two companies will collaborate on intelligent equipment solutions covering 24 automotive aftermarket processes. Lianhe Sowell will provide complete sets of intelligent operating equipment, while Kumquat Technology will provide supporting automotive parts. The parties will also leverage their respective resources and capabilities to promote the solutions in the domestic market.
Kumquat Technology serves as the operating entity for Chery Group's nationwide network of 1,000 4S stores, providing automotive aftermarket products and services through its extensive distribution and service network. Under the Agreement, Kumquat Technology will leverage this network to promote Lianhe Sowell's intelligent equipment products to partner stores and downstream customers.
As part of the cooperation, demonstration sites for Lianhe Sowell's intelligent equipment will be established at selected locations provided by Kumquat Technology, offering Kumquat Technology's partner customers opportunities to experience the equipment and supporting product promotion.
Beyond the domestic market, the parties intend to explore overseas opportunities, with Kumquat Technology leading market development and operations and Lianhe Sowell providing products and technical support. The cooperation will also include cross-channel promotion of Kumquat Technology's automotive aftermarket parts to Lianhe Sowell's industry customers.
“We are pleased to establish this strategic cooperation with Kumquat Technology and expand the application of our intelligent equipment solutions across the automotive aftermarket,” said Mr. Yue Zhu, Chief Executive Officer and Director of the Company.“By combining Kumquat Technology's automotive industry resources, channel network and aftermarket capabilities with our capabilities in intelligent equipment and industrial automation, we believe this cooperation can support the adoption of intelligent solutions across automotive aftermarket operations. We look forward to working together to develop a scalable model for intelligent upgrades in China and explore additional opportunities in international markets.”
About Lianhe Sowell International Group Ltd
Lianhe Sowell International Group Ltd (Nasdaq: LHSW) provides industrial vision and industrial robotics solutions. With expertise in the field of machine vision and intelligent equipment, the Company specializes in smart transportation, industrial automation, artificial intelligence, and machine vision. Committed to offering comprehensive intelligent solutions to customers worldwide, the Company continuously advances the intelligent transformation of various industries through technological innovation. For more information, please visit: .
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as“may,“will,“intend,”“should,”“believe,”“expect,”“anticipate,”“project,”“estimate,”“plan” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other risk factors discussed in the Company's filings with the SEC, which are available for review at . For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Lianhe Sowell International Group Ltd
Email: ...
WFS Investor Relations Inc.
Email: ...
Phone: +1 628 283 9214
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment