Development of Automotive Technologies for China through a Joint Venture with NEUSOFT
First written in FY2016. 1 of 3 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020Liquidation of associates and removal from the equity methodAnnual report
「During the consolidated fiscal year, NEUSOFT XIKANG ALPS (SHENYANG) TECHNOLOGY CO., LTD., an equity-method affiliate, was liquidated. NEUSOFT CORPORATION and DALIAN NEUSOFT HOLDINGS CO., LTD. were removed from the equity method because of a decline in influence.」
The liquidation of certain NEUSOFT-related companies and their removal from the equity method because of a decline in influence were described. NEUSOFT REACH, meanwhile, remains an equity-method affiliate. - FY2019-Q1AdvancedAnnual report
「To strengthen our approach to the Chinese automotive market, where the EV and sharing markets are expected to expand, we pursued growth initiatives aimed at becoming a total-solutions provider for in-vehicle information systems, including through a capital increase in Neusoft Reach Automotive Technology(Shanghai) Co., Ltd., an equity-method affiliate.」
Through a capital increase in a NEUSOFT-affiliated equity-method company, we strengthened our approach to China’s EV and sharing markets and advanced the growth of the in-vehicle information systems business. - FY2016First statedAnnual report
「We established NRA, a joint venture with NEUSOFT CORPORATION, a major Chinese software developer, to develop software and related technologies for intelligent vehicles, connected vehicles and new-energy vehicles.」
The joint venture was established, and research and development and commercialization are progressing in areas including intelligent vehicles, connected cars and EVs.