Securities code: 002405 securities abbreviation: Navinfo Co.Ltd(002405) Announcement No.: 2022-005 Navinfo Co.Ltd(002405)
About the acquisition of Volkswagen by 4D Europe, a Dutch subsidiary
Announcement of Nomination Letter of data enhancement and compilation service
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions. 1、 Overview
Recently, Navinfo Co.Ltd(002405) (Europe) Co., Ltd. (hereinafter referred to as “4D Europe”) a Dutch subsidiary of Navinfo Co.Ltd(002405) (hereinafter referred to as “the company”) received a Nomination Letter from cariad se (hereinafter referred to as “cariad”), a wholly-owned subsidiary of Volkswagen Group (hereinafter referred to as “Volkswagen”). From 2024 to 2030, 4D Europe will provide Volkswagen with a new standardized information and entertainment platform, one Infotainment provides data enhancement and compilation services for the Volkswagen global market (except Chinese mainland). The specific amount of sales depends on the amount of one carried during the above period Number of Volkswagen models sold by infotainment.
One. Infotainmen was developed by cariad and will be carried on Volkswagen from 2024. Cariad is building a unified technology and software platform for all Volkswagen brands, including vehicle operating system, vehicle cloud platform and new unified architecture.
2、 Counterparty introduction
Company name: cariad se
Address: No. 2 Berlin ring, No. 38440 Wolfsburg, Germany
Business scope: cariad se is a wholly-owned subsidiary of Volkswagen Group. It is engaged in the development of automotive software, integrates the software capabilities of Volkswagen Group, and is committed to building a leading technology platform for the automotive industry.
The counterparty has no relationship with the company. 3、 Impact on the company
4D Europe was awarded as one of Volkswagen’s infotainment platforms Infotainment’s nomination to provide data enhancement and compilation services highlights the company’s advanced map data integration, processing and compilation capabilities from NDS (navigation data standard) and navigation to ADAS (advanced driving assistance system) and high-precision maps, It shows the leading position of the company as an advanced automobile service provider in the field of map data integration, processing and compilation. This cooperation has laid a solid foundation for the company’s business expansion and innovation in the field of data processing, distribution and compilation services in the future, which is conducive to promoting the continuous improvement of the company’s profitability and operating performance, and giving back to the majority of investors with good performance. 4、 Risk tips
Because the project may face significant changes in the internal and external environment, certain cycles and risks affected by force majeure during the implementation of the project. In case of the above risks, the company will timely perform the obligation of information disclosure. Please pay attention to the investment risks. 5、 Documents for future reference
1. Nomination Letter.
It is hereby announced.
Navinfo Co.Ltd(002405) board of directors February 23, 2002
