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Borqs Technologies Enters into the Automobile and EV Smart Cockpit Market

SANTA CLARA, Calif., Dec. 22, 2021 (World NEWSWIRE) — Borqs Technologies, Inc. (Nasdaq: BRQS, “Borqs”, or the “Company”), a world provider of 5G wi-fi answers, World wide web of Factors (IoT) alternatives, and modern thoroughly clean electrical power with operations in the United States, India and China, these days declared that the Company has entered into a five yr Strategic Cooperation Agreement with Cheyin Smart Technologies, Co. Ltd. (“Cheyin”), an intelligent auto alternatives service provider for automobile OEMs, together with auto interactive system progress, expert services primarily based on sophisticated synthetic intelligence systems.

Borqs and Cheyin’s cooperation designs to create the clever digital cockpit sector by deploying Qualcomm’s built-in and scalable automotive solutions, like but not restricted to the R&D and producing of In-Car-Infotainment techniques, clever cockpit units, clever assisted driving systems and other merchandise primarily based on the Qualcomm technology platform.

All through the earlier decade, Cheyin has successively cooperated with Buick, Cadillac, Chevrolet, Skoda, SAIC GM, SAIC Volkswagen, FAW Pentium, FAW Mazda, FAW Toyota, Beijing Hyundai and other auto enterprises, serving more than 10 million automobile entrepreneurs and buyers. Cheyin has virtually 1,000 employees and has places of work in China and Singapore.

Pat Chan, the Chairman and CEO of Borqs stated: “We are pretty delighted to workforce up with Cheyin to leverage our deep experience in the IoT and embedded computer software remedies. Borqs has developed computer software for In-Motor vehicle-Infotainment devices in the previous a number of many years which have been put in in some of the China-designed vehicles. Digital transformation in the auto industry is accelerating in the coming a long time simply because of the robust expansion of electric powered cars. Long term autos will be extra software program centric and intelligent to boost purchaser experiences. We look forward to our cooperation with Cheyin to tackle the company alternatives in the remarkable EV wise cockpit market place.”

Mckinsey has projected the upcoming trend on the standard cars’ evolving into clever equipment on wheels wherever drivers can operate, socialize, and be entertained.
https://www.mckinsey.com/company-features/marketing and advertising-and-revenue/our-insights/the-new-important-to-automotive-achievements-place-customer-knowledge-in-the-motorists-seat

For far more data about Cheyin Smart Technologies, please go to the company’s web site at: www.vcyber.cn

About Borqs Technologies, Inc.
Borqs Technologies is a Qualcomm portfolio corporation, a world leader in computer software and products for the IoT, supplying customizable, differentiated and scalable Android-primarily based sensible linked units and cloud service solutions. Borqs has obtained leadership and consumer recognition as an progressive close-to-conclusion IoT answers company leveraging its strategic chipset partner interactions as perfectly as its wide software and IP portfolio. Borqs’ exceptional strengths contain its Android and Android Put on Licenses which enabled the Business to establish a software package IP library masking chipset software package, Android enhancements, area unique usage and technique performance optimization, suited for large and minimal quantity customized merchandise. The Company is also now in advancement of 5G products for telephones and hotspots.

Borqs recently obtained managing interests in a photo voltaic electricity storage systems corporation in the U.S.

Ahead-Seeking Statements and Further Facts
This push release consists of “forward-searching statements” that involve dangers and uncertainties that could result in genuine final results to differ materially from what is anticipated. Phrases these as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “predicts”, “seeks”, “may”, “might”, “plan”, “possible”, “should” and variations and equivalent text and expressions are meant to identify this kind of ahead-seeking statements, but the absence of these terms does not signify that a statement is not forward-on the lookout. Such ahead-hunting statements relate to potential situations or upcoming outcomes, based mostly on presently offered facts and reflect our management’s present-day beliefs. A lot of factors could trigger genuine events or effects to differ materially from the occasions and results discussed in the ahead-looking statements, together with the probability that the organization prospects and routines as described herein may perhaps not be finished or at all, and the unfavorable effect of the COVID-19 pandemic on the Company’s supply chain, revenues and general success of functions, so the reader is advised to refer to the Risk Variables sections of the Company’s filings with the Securities and Trade Fee for further details identifying crucial factors that could trigger true effects to differ materially from these predicted in the ahead-looking statements. Apart from as expressly demanded by relevant securities regulation, the Corporation disclaims any obligation to update any forward-hunting statements, whether as a end result of new data, future occasions or normally.

Investor Make contact with:

Sandra Dou

Vice President of Company Finance

Borqs Systems, Inc.

[email protected]