(Yicai Global) June 29 -- Shares in Jiangsu Yitong High-Tech surged as much as 10 percent today after the Chinese communication equipment supplier announced that one of its units is teaming up with a subsidiary of South Korea’s Hyundai Motor to develop driver-car interaction technologies for intelligent cockpits based on smart wearable devices.

Yitong’s share price [SHE:300211] closed up 6.36 percent at CNY11.20 (USD1.74) today. Earlier in the day it had reached CNY11.60.

Hefei Whale Microelectronics and the Hyundai Motor Technology & Engineering Center in Shanghai will work together to develop smart device monitoring and the application of artificial intelligence algorithms to build a safe connected vehicle ecosystem, Changshu-based Yitong said yesterday. In the future, they might set up a smart lab together to further joint research.

The co-operation with Seoul-based Hyundai will have a positive effect on Yitong’s main businesses, it said. However, the exact investment amount and nature of co-operation has still to be determined, it added.

Editor: Kim Taylor