ZF has announced the signing of a strategic cooperation agreement with NIO in Munich, Germany, to work together in developing steer-by-wire (SBW) products and other fields.
Alongside, both companies have also agreed to establish an instant information-sharing mechanism to deepen communication and conduct regular technical exchanges to engage in industry-leading processes and quality standards jointly.
Notably, the signing of this agreement marks the first time that ZF Group cooperates with a customer in the steer-by-wire business in the Asia Pacific region. It also marks that the two sides will jointly promote the evolution and development of technology within many fields, such as autonomous driving and electrification.
A press release from ZF stated that the technology company and NIO plan to extend their collaboration to brand promotion, product marketing, technology and quality enhancements, and customer service.
Dr Holger Klein, Member of the Board of Management, ZF Group, noted that the company intends to continue to expand its cooperation with leading automotive customers against the backdrop of the connectivity, electrification and autonomous megatrends and give full play to ZF's technology strengths to play an increasingly important role in the open automotive ecosystem.
Besides Dr Klein, the signing ceremony was also attended by William Li, Founder, Chairman and CEO of NIO; Kevin Pan, Associate Vice President, Supply Chain Development, NIO; Dr Peter Holdmann, Executive Vice President, Head of Division Car Chassis Technology and senior management on both sides.
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