On March 8, 2016, Qiantu Motor (Suzhou) Co., Ltd. (Qiantu Motor) and IAC (Shanghai) Automotive Components Technology Co., Ltd. (IAC) signed a strategic partnership agreement, by which IAC formally became the supplier of Qiantu Motor's instrument panel assembly, console assembly and door protection plate assembly. Both parties will utilize their advantages to engage in in-depth cooperation in technology and marketing. IAC will supply the instrument panel and door protection plate assemblies for the first product of Qiantu Motor. After signing the contract, both parties will have profound cooperation in the instrument panel and interior of pure EV. Both parties will integrate their high-quality resources to design and produce the world's top-ranking pure EVs for consumers.
Qiantu Motor has already established strategic partnership with Bosch, the German ESP supplier. With the gradual establishment of an international topnotch supplier system and the cornerstone laying of Qiantu Motor's Suzhou plant, the first pure electric sports car K50 of Qiantu Motor is developing on a stable path towards mass production. International suppliers' establishment of strategic partnership with Qiantu Motor well demonstrates their strong emphasis on Qiantu Motor and the new energy auto market in China, and fully shows the excellent ability of Qiantu Motor in vehicle development and components integration.
IAC (Shanghai) Automotive Components Technology Co., Ltd. is a subsidiary of International Automotive Components Group (IAC Group). IAC Group specializes in the design and manufacturing of automotive interiors, including instrument panel/cockpit, console, door trim panel, roof system, carpet, trunk and acoustic elements. Its product range covers all models from entry level to luxury.
Qiantu Motor is a wholly-funded subsidiary of CH-Auto Technology Co., Ltd. (CH-Auto). As the forerunner in the design of automobiles in China, CH-Auto has been a strong backup to the booming development of many auto brands in China. Qiantu Motor fully shares the experience and technical resources that CH-Auto has accumulated in the auto industry for years. Currently, its headquarters and plant are both located in Suzhou Hi-tech Zone, with R&D bases in Beijing and Suzhou. Qiantu Motor focuses on the design, R&D, manufacture, sales and services of high-performance Pure EVs. With forward-looking designs, lightweight materials and modular electric driving technologies, it aims to deliver high-performance and zero-emission driving experience to users.