Recently, under the active promotion of the "the Belt and Road" initiative, Jiangsu Auto Electronic Control System Technology Co., Ltd. a Chinese automotive electronic control enterprise, and its Malaysian partner, Xenso, held a grand signing ceremony, officially establishing a strategic partnership. This signing marks a significant breakthrough for AECS in exploring markets along the "the Belt and Road", and heralds a new beginning for in-depth cooperation between the two parties in the field of automotive electronic control.
Yu Shuhuai, General Manager and Chairman of AECS (first from the right), Zhao Tingbao, Contract Representative (second from the right),
and Xenso Contract Representative (first from the left, second from the left)
As a leading player in the domestic automotive electronic control industry, AECS has advanced technology research and development capabilities and rich production and manufacturing experience. Its products cover multiple fields such as engine management systems, vehicle power domain control management systems, dual fuel vehicle engine management systems, etc. It not only occupies an important share in the domestic market, but also successfully develops overseas customers in the Middle East, Eastern Europe and other regions, gradually emerging in the international market.
The Malaysian partner signed this time has a deep foundation and extensive market network in the local automotive industry supply chain, and has a precise grasp of the local market demand. The cooperation between the two parties can be described as complementary advantages, aiming to jointly develop automotive electronic control products that meet the needs of the Malaysian and surrounding markets, and enhance the product's market share and brand influence in the local market.
At the signing ceremony, Zhao Tingbao, the representative of AECS, said: "The the Belt and Road initiative has built a broad international cooperation platform for us. This cooperation with Malaysian partners is an important step for us to expand the Southeast Asian market. We will give full play to our technical advantages and combine the local resources of Malaysian partners to provide local consumers with more high-quality and cost-effective automotive electronic control system solutions." Malaysian partners are also confident of this cooperation, saying that it will inject new vitality into the local automotive industry and promote industrial upgrading.
This cooperation is not only expected to bring considerable economic benefits to both sides, but also will further promote the technical exchanges and talent cooperation between China and Malaysia in the automotive industry, providing a new example for the deepening development of the "the Belt and Road" initiative at the level of industrial cooperation. With the gradual implementation of cooperative projects, it is expected to drive the coordinated development of upstream and downstream industrial chains, create more employment opportunities, and help local economic growth.
In the future, AECS and its Malaysian partners will work closely in product research and development, production and manufacturing, market promotion and other links to jointly explore the unlimited potential of the markets along the "the Belt and Road" and contribute to promoting regional economic integration and the development of the global automotive industry.
