Roadrover Technology Invests USD435,000 to Set Up Intelligent Vehicle Joint Venture

Yicai

2016-12-06

(Yicai Global) Dec. 06 – Automotive navigation and entertainment operator Shenzhen Roadrover Technology Co. [SZ:002813] will invest CNY3 million (USD435,000) to set up an intelligent vehicle joint venture through collaboration with its partners.

The company will hold 30 percent stake in the newly-established Shenzhen Sheng Feng Da Technology Co. as the second largest shareholder, it said in a statement yesterday.

The new company will specialize in providing fully integrated intelligent vehicle solutions, said the statement without providing further details.