Lianyou Zhilian was established

On July 26, the unveiling ceremony of Lianyou Zhilian Technology Co., Ltd. (Lianyou Zhilian), a wholly-owned subsidiary of Shenzhen Lianyou Technology Co., Ltd. (Lianyou Technology for short), was grandly held at the Dongfeng Nanfang Building in Huadu, Guangzhou. Lianyou Zhilian will take root in Huadu, build a research and development headquarters, set up a research and development center, a network connection laboratory and a big data center. The size of the R&D team will reach 1,200 people by the end of 2021, and is expected to exceed 2,000 people in 2025. At the same time, Lianyou Zhilian will also build a production and manufacturing headquarters in Huadu to produce smart car parts, with a planned production capacity of 3 million units. These mainly include car connection products, car control products, car-mounted products, and related software and hardware products around the digitalization of automobiles. Revenue is expected to exceed 5 billion yuan within 5 years.