Jinbei Automotive (600609.SH) plans to establish a research and development center in collaboration with the German company E-Works Mobility GmbH.

Tencent Finance News APP reported that Jinbei Automotive (600609.SH) issued an announcement that the company has signed a "Memorandum of Understanding on the Establishment of Research and Development Centers between Jinbei Automotive Co., Ltd. and E-Works Mobility GmbH". E-Works is a leading engineering and technology integrator in the field of electric light commercial vehicles in Germany, with core competencies including electric commercial vehicle design and engineering, software-defined vehicle integration, EU certification, and the commercialization of electric light commercial vehicles in the German and European markets. Both parties are committed to jointly developing innovative and competitive electric commercial vehicles for the German market through cooperation and sharing of resources and expertise, enhancing their respective market competitiveness, and exploring further areas of cooperation.