Automotive lighting and electronic equipment supplier Hella has inked a letter of intent with Chinese automaker Geely to jointly work on the development of automotive electronics components and systems.
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Under the agreement, Hella will provide Geely with technical support packages for vehicle body electronics.
Jean-Francois Tarabbia, CEO of the Hella’s automotive electronics division, and Geely chairman Li Shufu finalised the agreement at the 2007 Shanghai motor show.
“Signing this letter of intent is an important step in helping Hella’s intensive and extensive global collaborations,” said Tarabbia. “Hella is proud and honored to be involved in this strategic partnership.”
“The cooperation between Geely and Hella signifies our further steps in using international resources within the automotive industry,” said Li.
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By GlobalData
