Abita and Ned Technology Sign Expanded Strategic Cooperation Agreement

Beijing, December 24, 2024 - Abita Technologies has announced the signing of an expanded strategic cooperation agreement with Ned Technology (NED), one of China's leading technology innovators. The two companies have agreed to deepen their collaboration in new energy automobile battery development, material application, and component manufacturing.

The partnership will focus on applying new technologies, developing new projects, and promoting joint marketing efforts across various industries. Specifically, NED's Pallas platform will be integrated into Abita's vehicles as a first step.

Chairman Chen, Abita Technologies said that the company is committed to extending its strategic consensus with Ned Technology and to explore more cooperative opportunities in energy, platforms, and cars. They aim to foster innovation in these areas and develop a new approach in product development through modularization, customization, scene-by-scene design and moduleized rapid iteration.

Ned Technology Board of Directors, General Manager Hanbing said that the Pallas platform leverages advanced technology for safety features alongside Abita to provide better automotive experiences. The two companies will continue collaboration across multiple car models. The focus is on bringing a new level of convenience through enhanced performance.

In addition to this strategic expansion with Ned Technology, Abita has signed comprehensive agreements to deepen collaboration with other major partners in its quest for growth globally. This strategic move is an expansion on top of the company's current success in automotive design sales and technology finance.

These partnerships demonstrate the firm’s commitment to enhancing capabilities at multiple levels of revenue, strategy and industry development.