TuanChe Limited has recently signed a strategic cooperation agreement with IAT Automobile Technology Co., Ltd. ("IAT"). IAT is specialized in vehicle R&D, as well as development and manufacture of core vehicle components, among others. This strategic partnership will further bolster Tuanche's R&D and manufacturing capabilities for new energy vehicles ("NEVs") and accelerate its planned expansion into the NEV market.

According to the agreement, the two companies will collaborate holistically in NEV-related fields, including customized vehicle R&D, key component R&D and manufacturing, software development, etc., to promote the adoption of IAT's technologies and products by TuanChe's NEV projects to elevate the latter's competitive advantage. As the first listed independent vehicle R&D company in China, IAT is the pioneer of China's "turnkey" services for vehicle design and engine/powertrain development among independent automobile designers. Its R&D business covers the whole industry chain, including planning, design and customization of both ICE models and NEVs, as well as the development, manufacturing and sales of core automotive components.

Over 13 years of experience in BEV R&D makes IAT a reliable brand-independent engineering and manufacturing partner for OEMs. With its dual focus on technology and talents, IAT owns over one thousand core technologies and patents and is home to five R&D centers in different countries and regions worldwide, as well as subsidiaries in 13 provinces and municipalities across China. IAT is a national-level industrial design center certified by China's Ministry of Industry and Information Technology and a post-doctoral research center station approved by China'sMinistry of Human Resources and Social Security.