GAC and Yuexin have in-depth exchanges and cooperation in industrial and automotive chips

The reporter learned that recently, Zeng Qinghong, chairman of Guangzhou Automobile Group Co.Ltd(601238) and his party visited Guangzhou Yuexin Semiconductor Technology Co., Ltd. (hereinafter referred to as "Yuexin semiconductor"), and had in-depth exchanges with Chen Jin, chairman of Yuexin semiconductor and Chen Wei, President of Yuexin semiconductor on industrial and automotive chip cooperation. GAC capital invested in Yuexin semiconductor in March 2021. Both sides agreed to establish a direct contact window at the group level and continue to comprehensively deepen cooperation.