On the afternoon of May 7th, Paolong Technology signed a cooperation agreement with Wuhan East Lake High-tech Zone, and the global R&D headquarters of Paolong Technology Intelligent Driving project settled in Wuhan Optical Valley.

Li Shiting, deputy director of the Management Committee of East Lake High-tech Zone, and Zhang Zuqiu, chairman and president of Baolong Technology, held a discussion and witnessed the signing. Hu Bo, Deputy Director of the Investment Promotion Bureau of East Lake High-tech Zone, and Xu Dingchao, general manager of Wuhan Park and assistant general manager of IDS Unit, signed the agreement on behalf of both sides.

In this signing, Baolong Technology will build a global R&D headquarters for intelligent driving in Optics Valley, carry out research and development of underlying, common and key technologies around intelligent driving, and centrally manage intellectual property rights related to intelligent driving business. The project will make use of Optical Valley’s advantages in the field of optoelectronic information to further improve the Optical Valley intelligent connected automobile industry ecology.