YANTAI, China, Jan. 16, 2024 (GLOBE NEWSWIRE) — Chijet Motor Company, Inc. (Nasdaq: CJET) (the “Company” or “Chijet”) announced a strategic cooperation framework agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan (Suzhou) Information Security Technology Co. Ltd., aimed at significantly bolstering automotive cybersecurity capabilities.
The agreement was signed on November 27, 2023, with Changsha Automobile Innovation Research Institute, a premier research and development institution. This institute is affiliated with the College of Automotive Engineering at Jilin University. The agreement also involves Zhiche Xinan (Suzhou) Information Security Technology Co. Ltd., an automotive cybersecurity solutions provider. The collaboration will focus on developing a spectrum of services, including data security, system certification, compliance services, security testing, compliance testing empowerment, Threat Analysis and Risk Assessment (TARA), integrated Intrusion Detection and Prevention Systems (IDPS), and Vehicle Security Operations Centers (VSOC).
The three parties, pursuant to the agreement, acknowledged the urgent requirement to enhance the cybersecurity of vehicles. Ongoing advancements in electrification and intelligence for automobiles, along with the increasing integration of cloud services and applications, make this particularly important for automotive functionalities. Mentioning the prevention of unauthorized access by hackers aiming to seize control of vehicles highlighted a significant challenge. It is confronting intelligent vehicle stakeholders.
The parties agreed to orient their collective efforts towards compliance-driven initiatives. Moreover, they prioritize safeguarding the users and establishing a holistic cybersecurity infrastructure. This also promotes and advances robust and innovative growth in the field of cyber information security.
Commenting on the agreement, Chijet’s chief executive officer and founder Mr. Hongwei Mu said, “We have formalized an agreement with Changsha Automobile Innovation Research Institute and Zhiche Xinan (Suzhou) Information Security Technology Co. Ltd. Through this collaboration, our goal is to make significant technological advancements in intelligent vehicle cybersecurity. Moreover, the ultimate aim is to offer users a secure and enjoyable driving and ride experience in the current era of intelligence.”
