Recently, Jiangsu Auto Electronic Control System Technology Co., Ltd. (hereinafter referred to as "AECS") and Beijing DriveInnovision Technologies Co., Ltd. (hereinafter referred to as "INNO" ) have successfully completed their merger.
AECS and INNO have many similarities: the founders of both companies, Yu Shuhuai and Fan Lin, graduated from the Department of Automotive Engineering at Tsinghua University in 1994 and 1996, respectively. Both companies also adhere to Tsinghua's low-key and pragmatic style of "action is better than words"; main business focuses on the electronic control field of automotive power systems; The core management team has over 20 years of experience in automotive power system electronic control technology and management.
The two companies also have many differences:The scope of AECS products covers the development of basic and application software related to automotive power electronic control systems, technical services, and the research and development, production, and sales of hardware products, The coverage of products and services is wider.INNO focuses mainly on basic and application software development and technical services, with a higher level of focus in related fields;AECS has surpassed commercial vehicles in terms of passenger car business since its inception and development in the commercial vehicle market,Its customers are mainly domestic brand customers.INNO mainly serves the passenger car market, with customers covering both European and American customers as well as domestic brand customers.
After the completion of this merger, INNO will become a wholly-owned subsidiary of AECS. The two teams will work together to learn from each other's strengths and weaknesses, with the mission of breaking international monopolies and assisting Chinese automobiles,continue to strengthen product technology research and development, firmly promote the import substitution of automotive power and electronic control systems, provide customers with better products and services, and actively contribute to the independent and healthy development of Chinese automobiles.
