Wuhan KOTEI Informatics Co., Ltd. （KOTEI）, a worldwide leading automotive software solution provider headquartered in china had signed a strategic cooperation agreement as a form of MOU with Telechips Inc (Telechips), a leading fabless IC company headquartered in Korea.
Both parties will adhere to their strong advantages for extensive and in-depth co-operation in intelligent car total solution and new technology development. According to this agreement, the close strategic partnerships is aiming to develop more competitive next generation IVI total solutions and new innovative technology in future connected autonomous driving.
KOTEI（Stock code：834708） dedicated to software R&D in Intelligent Connected Vehicles. Focusing on Connected Car and Autonomous Driving, KOTEI actively develops prospective and leading core technologies in autonomous industry, provides one stop software R&D service and solutions with high added value to car maker and tier one customers in the world wide.
Telechips（Stock Code：054450）, a leading provider of low power Set-Top box and Automotive Infotainment platform, delivers SoC & solutions benefiting users with new experiences and rich multimedia service scenario. Telechips automotive infotainment products have high-security level and power efficiency so that it improves stability of the system.
Through this strategic co-operation, KOTEI and Telechips aims to make full use of both sides resources to provide targeted customers a more competitive comprehensive total solution and speed up the new connection and automation technology application in the future intelligent car.