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Geely Remote Automobile's overseas layout has fallen again with MS Mingxin Group to explore the Korean market

On February 21, 2022, Telecar signed a strategic cooperation agreement with MS Mingxin Group, a South Korean automotive industry group. The two parties will jointly develop customized models based on the new light passenger remote MyRW V of new energy, and carry out in-depth cooperation in the fields of technology development, territorial certification, marketing and sales.

With the rapid development of South Korea's economy, the pressure on its energy and environmental protection field is also increasing. In October 2021, South Korea announced that it had identified a policy roadmap to achieve carbon neutrality by 2050, with a focus on limiting the consumption of coal and liquefied natural gas for power generation and replacing internal combustion engine vehicles with hydrogen-powered and battery-powered electric vehicles. As one of the world's top ten automotive markets, realizing new energy vehicles has become one of the important paths for South Korea to achieve carbon neutrality. Among them, the new energy commercial vehicle market has broad room for development.

Geely Remote Automobile's overseas layout has fallen again with MS Mingxin Group to explore the Korean market

(Remote Auto and South Korea's MS Mingson Group reached a strategic cooperation)

Geely Holding Group pooled its resource advantages and forward-looking layout of commercial vehicle business in 2014 to establish Geely Commercial Vehicle Group, and officially launched the new energy commercial vehicle brand remote vehicle in 2016. Different from the traditional commercial vehicle industry, long-range vehicles have been positioned as new energy commercial vehicles since its birth, and Geely Commercial Vehicle Group is the first commercial vehicle group in China to focus on the field of new energy. Taking R&D as the forerunner and sharing the profound technical resources of the Central Research Institute of Geely Holding Group, Remote Auto has established the largest new energy commercial vehicle research institute in China, bringing together more than 2,000 R&D engineers at home and abroad, focusing on the development of new energy and intelligent technologies for commercial vehicles, covering the whole series of commercial vehicles such as heavy trucks, light trucks, small micro trucks, LCVs, buses, etc., becoming the first commercial vehicle brand in China to complete the multi-energy layout and realize the new energy of all products.

Fan Xianjun, CEO of Geely Commercial Vehicle Group, said: "With this cooperation, the two sides will give full play to their respective industrial advantages and brand influence, jointly create core products with market competitiveness, jointly explore and deepen the Korean electric commercial vehicle market based on the principle of equality and mutual benefit, and explore the radiation of other countries and regions from South Korea to promote the global popularization of new energy commercial vehicles and achieve win-win cooperation." ”

Geely Remote Automobile's overseas layout has fallen again with MS Mingxin Group to explore the Korean market

(Geely Commercial Vehicle Group CEO Fan Xianjun)

As a Korean auto parts supplier, MS Mingxin Group has a history of nearly 40 years, focusing on the production of auto parts, with large manufacturing plants in South Korea and Brazil, and its main partners include Daimler, Renault, Kia, Hyundai, FAW, etc.

Lee Tae-gyu, CEO of MS Minshin Group in Korea, said: "Mongson Group has long been concerned about and committed to energy conservation and emission reduction in Korea and the world, and vigorously promotes low-carbon environmental protection. It is hoped that through this cooperation with remote vehicles, we can vigorously develop and accelerate the construction of a green industrial chain in South Korea and other neighboring ASEAN countries. I believe that in the future cooperation, we can innovate, win-win and achieve zero carbon goals. ”

The launch of this strategic cooperation is an important development milestone for both parties. At present, long-range vehicles are accelerating the globalization strategy, completing the leap from independent brands to world brands, and striving to become a new energy commercial vehicle brand based on China and global development, and the products have been exported to Uruguay, Chile, Costa Rica, Israel and other countries. The development of customized models based on remote My starshare V is the beginning of the cooperation between remote cars and South Korea's Mingxin Group, and is also the starting point for entering the Korean market, and the next three years will achieve the goal of selling 12,000 units of the customized models in the Korean market, while covering the markets of neighboring countries based on South Korea's advantageous resources.

Geely Remote Automobile's overseas layout has fallen again with MS Mingxin Group to explore the Korean market

(Remote Auto signed a strategic cooperation agreement with South Korea's MS Mingxin Group)

Remote StarShare V is a new light passenger product developed by remote cars, tailored according to the needs of users for large-space models, realizing the real 6-party leapfrog space, and providing a flexible and efficient solution for the diversified needs of the city's transportation. At the same time, it has both beauty and comfort, realizes ultra-long battery life, safety and reliability, and ensures that users run more steadily, faster and farther. It is reported that the remote My StarShare V will be the first to be listed in the Chinese market at the end of February.

In the future, long-distance vehicles will continue to take R&D as the forerunner, "create intelligent interconnection, lead green commercial" as the vision, actively implement the globalization strategy, further expand overseas markets, accelerate the global market business layout, and work with more partners to promote the zero-carbon revolution of global land transportation.

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