Sanan Optoelectronics announced on Monday that the company's wholly-owned subsidiary, Wuhu Anrui Optoelectronics Co., Ltd. (hereinafter referred to as Anrui Optoelectronics) signed a contract with Beiqi Yinxiang Automobile Co., Ltd. (hereinafter referred to as Beiqi Yinxiang) on ​​July 17, 2015. The Cooperation Framework Agreement. According to the agreement, Anrui Optoelectronics set up a branch office in Chongqing to provide supporting services for BAIC Yinxiang to produce LED products for automotive lamps and automotive applications (including automotive lighting, signal lights, interior lights, decorative lights, electronic instrumentation applications, GPS/ DVD display, etc.). Anrui Optoelectronics has two or more suppliers for Beiqi Yinxiang's projects. (Besides the guarantee of quality, delivery and price of Anrui Optoelectronics), Beiqi Yinxiang promises that Anrui Optoelectronics' supporting share is not low. At 70%. It is understood that Anrui Optoelectronics Co., Ltd. is mainly engaged in automotive lighting and LED Packaging and applications. This cooperation has further opened up the application channel of Anrui Optoelectronics products, which is conducive to accelerating the development of the business, enhancing the core competitiveness of the company and laying the foundation for the subsequent business development. It is understood that Beiqi Yinxiang was founded in August 2010. It is a joint-venture enterprise established by Beijing Automotive Group, one of China's five major automobile groups, and Chongqing Yinxiang Industrial Group, one of the top 50 industrial enterprises in Chongqing. The company is working hard to build the southwest base of Beiqi Group and its export platform in Hechuan District, Chongqing. It has stamping, welding, painting, final assembly and engine production lines with independent intellectual property rights to form a complete and independent automobile manufacturing system. The level of process tooling has reached international advanced level and domestic first-class, and has strong industrial advantages. Sanan Optoelectronics said that in view of the agreement between the two parties to reach an intention to build a car lighting manufacturing project in Hechuan District of Chongqing, the two sides believe that the application potential of automobile lamps and LED car products in the Chongqing automobile industry is huge, and through mutual exchanges and friendly consultations between the two sides, A cooperation framework agreement was reached. Sanan Optoelectronics said that the cooperation has further opened up the application channel of Anrui Optoelectronics, which is conducive to accelerating the development of the business, enhancing the core competitiveness of the company and laying the foundation for the subsequent business development.
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