Dongguan LJV Industry Investment Co., Ltd（“LJV”）and Foxconn Interconnect Technology Limited (“FIT”)  had signed a Memorandum of Understanding (MoU) in the area of telematics products to be used in the automotive field May, 2022. The MoU aims at strengthening in-depth cooperation and strategic partnership in developing precision components, connectors and cable assemblies, with new products and solutions to be fitted into mutual strategy roadmap. Accordingly, LJV and FIT will work closely with each other to offer automotive connectivity solutions with greater experience and values, while making joint efforts to expand market and to build a supply chain ecosystem for automotive connectivity and telematics development.

FIT is a global leader in the supply of interconnection solutions, focusing on the development, manufacturing and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables and modules. LJV is a one-stop shop manufacturing solution provider with years of design, manufacturing, and service experience in precision components, electronics, automotive connectors and cable assemblies. The collaboration with FIT is in congruence with LJV’s mission of being the most valuable strategic partner in the global electronics industry. Under the MoU, LJV and FIT will collaborate on automotive connectivity products and solutions based on each other’s comparative advantages, including manufacturing, R&D, technical capacity, and co-exploring innovative technologies and business models.

With the rapid development of new energy vehicles (NEVs) industry, LJV will also work with other excellent partners to offer to customers the needed innovative product solutions as well as services with added value.