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TUS International entered into strategic cooperation agreement with Yunmanman – the leading logistics capacity management platform in China

03.04.2018

TUS International Limited (“TUS International” or the “Company”, stock code: 872.HK; together with its subsidiaries, abbreviated as the “Group”) and its subsidiary - TUS Cloud Control (Beijing) Technology Company Ltd. (“TUS Cloud Control”), entered into the Strategic Cooperation Agreement with Yunmanman, which is the largest logistics capacity management platform in China. The Company believes that the corresponding strategic cooperation shall effectively promote the application of a series of autonomous driving solutions and cloud control technologies of the Group to commercial vehicles, strengthen the Group’s industrialisation capabilities and enhance the Group’s position and influence in the intelligent and connected vehicles and smart mobility industry.

Yunmanman is the largest logistics capacity management platform, smart logistics information platform and car-free carrier in China, and is also an iconic enterprise of “Internet + Logistics” business of the state. TUS International is a leading tier one provider of advanced driving assistance system (“ADAS”) solutions, providing city-level autonomous driving cloud control solutions via TUS Cloud Control, and has been actively implementing China’s strategy of intelligent and connected vehicles. It has formed a multi-spot layout in the core areas of intelligent and connected vehicles including sensors for vehicles, the next-generation in-vehicle computing platforms, the next-generation in-vehicle intelligent terminals, core solutions of autonomous driving, and cloud control basic platforms, with a one-stop solution for the industry.

TUS International, TUS Cloud Control and Yunmanman shall cooperate on the following aspects:

  1. to develop the integrated capabilities for intelligent logistics industry of the following products including next-generation sensors for vehicles, in-vehicle computing platforms, in-vehicle intelligent terminals, and core solutions of autonomous driving;
  2. to develop in-vehicle Tbox, sensors for vehicles, control system and other products to fulfill the requirements for the development of Yunmanman’s logistics business, and use the cargo trucks as a platform for the joint demonstration of the applications of the abovementioned products; and
  3. to jointly develop the next-generation logistics industry service system based on the “Cloud Control Platform” and the new model in the logistics industry which applies “cloud intelligence”, with an aim to upgrade the capacity of intelligent terminals of cargo trucks for the logistics business in the near future and continuously supporting the long-term evolution and industrial upgrade of the autonomous driving logistics technologies for Yunmanman, and establish a new business system with intelligent and connected vehicle and smart mobility technologies for the logistics industry.

 

The Company believes that the corresponding strategic cooperation shall effectively promote the application of a series of the autonomous driving solutions of the Group including deep fusion sensors, the next-generation in-vehicle computing platforms, the next-generation in-vehicle intelligent terminals and cloud control technologies to commercial vehicles, strengthen the industrialisation capabilities which based on integration of cloud-side and vehicle-side intelligence, and enhance the Group’s position and influence in the intelligent and connected vehicles and smart mobility industry.