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Recently, Siemens and SINOMACH Automotive Co., Ltd. (SINOMACH Automotive) signed a memorandum of understanding on strategic cooperation to jointly develop a strategic partnership. This cooperation marks the comprehensive upgrade of the cooperation between the two parties from software and hardware to system solutions and strategic development in the automotive manufacturing industry.

With the acceleration of global competition and the green and intelligent transformation of the industry, the automotive industry is facing a profound reshaping. Based on the consensus on the deep complementarity of the ecological resources of the industrial chain and the core competitiveness of industrial digitalization, Siemens and SINOMACH Auto have established a strategic partnership. According to the memorandum, the two parties will share their experiences in deepening the international layout, leading the digital transformation, jointly expanding the automotive industry, and building management and innovation capabilities to release the potential for synergy. By integrating Siemens' global leadership in industrial digitalization and intelligent technology, and the global leading capabilities of China Automotive Engineering, a subsidiary of SINOMACH Auto, in the three major process equipment and production line system integration fields of welding, painting, and general assembly, we will jointly build a benchmark paradigm for the innovation and upgrading of the automotive industry value chain and provide a Chinese sample for the upgrading of the global industrial chain.