Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang (300469.SZ) signed a strategic cooperation agreement related to the integration of car and road cloud with Boda Wannengxin.

Announcement from Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang (300469.SZ): The company has signed a "Strategic Cooperation Agreement" with Beijing Bodawangxin Co., Ltd. (referred to as "Bodawangxin") on November 11, 2024. Through friendly negotiations and in accordance with the principles of equality, voluntariness, mutual benefit, and common development, the two parties will promote the application of intelligent connected vehicles (V2X), Beidou technology, intelligent computing power and data elements, and other technological services. This cooperation will focus on the integrated construction of V2X roadside infrastructure, combined with Bodawangxin's operational advantages in smart infrastructure. Transportation Telecommunication & Information Development Inc. Ltd. Zhejiang will accelerate the scale of Beidou technology application, laying a foundation for the further promotion of intelligent transportation. This cooperation is in line with the company's business development strategy and will help enhance the company's overall competitiveness and sustainable operation capabilities.