36 氪 It is learned that Shanghai Internet of Vehicles (Pateo) announced that it has obtained strategic investment from Dongfeng Motor Group Co., Ltd. (hereinafter referred to as “Dongfeng Group”). The financing amount and share ratio have not been disclosed for the time being.In recent years, Dongfeng Group has been expanding its emerging business, deploying smart cars and smart mobility, and Botai has cooperated with Dongfeng Group for many years, including co-released with Dongfeng Passenger Car and Baidu Doubi Division during the Beijing Auto Show in April 2018.WindLink 3.0 artificial intelligence vehicle system.After this strategic investment, Botai and Dongfeng Group will undoubtedly deepen cooperation, but the specific cooperation method has not been disclosed.Botai was established in October 2009 and is headquartered in Shanghai. It is one of the earliest domestic companies connected to the Internet of Vehicles. It is mainly engaged in the research and development and manufacturing of intelligent vehicle information service systems, and provides subsequent supporting services.As an independent third-party service provider, Botai is building a “integrated vehicle, Internet and mobile phone” cross-platform system with car life services as its core, providing cars for major domestic automobile groups and luxury car brands such as Bentley and Jaguar Land Rover.Connected products and services.Bo Yitai’s founder and chairman Ying Yilun mentioned that in the future, they will have more cooperation with various car manufacturers on the level of capital, business and business models.According to the information provided by Botai, they have invested more than one billion yuan in research and development since their establishment, and 28% of their revenue is used for research and development each year.Ranked first in two years, ranked 104th among the top 500 companies in the country.Botai announced in February 2019 that it had signed a bank-enterprise strategic cooperation agreement with the Bank of Shanghai, thereby obtaining a credit line of 1.5 billion yuan, and also announced that it had obtained hundreds of millions of yuan in financing led by Suning Holding Group.This is Suning’s lead investment in Botai again in 2017 after nearly 300 million yuan in A + round financing.At present, Internet companies such as Baidu, Ali, and Tencent have entered the field of smart cars.Talking about the industry competition of the warlords, Zhang Yi, the vice president of business operation of Botai Group, stated in 2018 that Botai has always positioned itself as a middleman, and what it can do is to help the OEM to build the “Internet capability assembly shop” of the car factory.(The cover image is from pexels.com) ———— I am 36 氪 reporter Wang Yijin. We can add WeChat catherineyijin for business communication. Please note the company + name + position + intention.
Botai Telematics receives strategic investment from Dongfeng Group to accelerate deployment of IoT business with OEMs
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