Chery and Alibaba's Subsidiary Banma Agree to Build Intelligent Cars Jointly

Chery and Alibaba's Subsidiary Banma Agree to Build Intelligent Cars Jointly

Recently, the 2021 World Artificial Intelligence Conference was held in Shanghai, China. During the Conference, Chery's Lion Tech and Alibaba's subsidiary Banma signed a cooperation framework agreement establishing a joint laboratory for automotive intelligence to provide new future-oriented intelligent car experience and explore the automobile industry's intelligent upgrading and digital transformation.

Signing the agreement
According to the agreement, Lion Tech and Banma will set up a technical team to carry out in-depth cooperation in data operation, intelligent cab, intelligent car cloud, and automatic driving. In terms of data operation, the two sides will build a digital laboratory to realize the digital transformation of automobile businesses and services. In terms of intelligent cabs, the two sides will develop an intelligent cab operating system and launch relevant product solutions for smart taxis and secondary development and iterative operation capabilities such as intelligent car cloud. Furthermore, the joint venture will utilize their technical advantages to carry out all-round cooperation in intelligent car-to-cloud service, intelligent driving cloud service, and intelligent travel cloud service to realize the interactive intelligence, service intelligence, and automobiles' intelligence.

Chery's Lion Tech, founded in 2014, is the business entity of Chery's "intelligent business segment" and owns the intelligent strategic brand "CHERY LION." Lion Tech focuses on the technology development and ecological development of the whole industrial chain of the smart car. To be specific, this company is engaged in automatic driving, car networking, data operation, intelligent manufacturing, and mobile travel services to realize Chery's digital and intelligent layout in the whole life cycle of automobiles, including R&D, manufacturing, marketing, and user service.

Banma, founded in 2015, is an innovative business segment of Alibaba Group in the automotive field. It focuses on the research and development of the autonomous intelligent car operating system. It helps vehicle enterprises build differentiated smart cars based on self-developed AliOS and related capabilities, providing users with a smart driving experience and enriched car life.
Promoting independent innovation in science and technology and creating a smarter travel experience are the common goals of Lion Tech and Banma. The two sides will give full play to their respective advantages and make active exploration and innovation to jointly promote the further transformation and upgrading of the intelligent car industry.

About Chery
Chery is an automobile brand based in China with global influence. In addition to five R&D bases worldwide, it has the most potent core technology research and development strength in engines, gearboxes, and chassis among all Chinese automobile brands. It has a global automobile research and development team of more than 5,500 team members. Meanwhile, Chery is also the first auto company in China to export complete vehicles, CKD parts, engines, and comprehensive vehicle manufacturing technologies and equipment to the world. Up to now, Chery has exported its products to more than 80 countries and regions, with 9.5 million users worldwide, ranking first in China's passenger car exports for 18 consecutive years.
About Sanabel Modern Motors:
Sanabel Modern Motors is a Mohamed Youssef Naghi company. MYN is active in six main sectors: automobiles, transportation, consumer goods, logistics, pharmaceuticals, and electrical appliances. The company is based on long experiences in car distribution and maintenance, which it has accumulated through years of continuous service to various and different categories of customers in the Kingdom of Saudi Arabia. As a result, it is considered one of the largest companies operating in the automotive sector in the Kingdom. In addition, it has a rich history in innovative marketing, developing sales strategies, and providing after-sales services, which provides a reasonable justification for its leading reputation as one of the most prominent Saudi brands.