CAERI and GoGoByte Formally Sign a Strategic Cooperation Agreement

Recently, China Automotive Engineering Research Institute Co.,Ltd. (abbreviated as ”CAERI”) and Beijing Quanan Technology Co., Ltd (abbreviated as ”GoGoByte”) formally signed a strategic cooperation agreement, covering threat analysis and risk assessment system, cyber security testing platform, technical standard cooperation, automotive cyber security and data security policy standard research, automotive cyber security technology cooperation, automotive cyber security and data security special project research and etc.

CAERI (601965.SH) is an important base and technical support institution for product development, testing, research, and quality inspection in the Chinese automotive industry. It focuses on the research and testing of automotive cyber security and data security, with a large-scale, high-level, and professional service team. It has rich practical experience and successful cases in domestic and foreign regulatory policy research, national key project undertaking, compliance testing and consulting services, detection equipment research and development, high-skilled personnel training, and compilation of blue books for the automotive industry. Under the agreement, CAERI will fully leverage its unique technological characteristics, regional advantages, industry resource advantages, etc., to safeguard the cyber security and data security of intelligent and electrified automotive industry in China, and accelerate the intelligent transformation and upgrading of China’s automotive industry.

As a cutting-edge Chinese high-tech enterprise in the field of connected car security, GoGoByte has provided cyber security services to national key infrastructure units multiple times. Its self-developed products, DefenseWeaver and ThreatTrace, have been praised by automotive OEMs and suppliers for their user-friendliness and professionalism in compliance with regulations and customer requirements. With its outstanding technological innovation capabilities, deep integration background in the automotive and cyber security industries, as well as a team with a broad international vision, GoGoByte will collaborate extensively with CAERI.

Tong Yifan, Deputy Director of the Strategic Investment Department of CAERI, said, “We hope that this cooperation can fully leverage the strengths of CAERI and GoGoByte in industry resources, technology research and development, and service support, and actively explore forward-looking technological innovations through the integration of multi-domain businesses.”

Chen Yupeng, Director of the Automotive Network and Data Security Center at the Beijing Institute of CAERI, said, “As the degree of intelligent connected vehicles increases gradually, the information security threats faced by vehicles have become a focus of attention for both car companies and consumers. The challenge for OEMs is how to shift the risks to the left during the R&D phase, reduce development costs, and improve vehicle security standards. CAERI, as a third-party organization in the industry, has worked closely with GoGoByte in this field, made technological breakthroughs in the revision of standards and the development of detection tools, and provided necessary support for enhancing the security baseline of the automotive industry.”

Li Jun, CEO of GoGoByte, said, “GoGoByte will follow the development of the new four upgrades in the automotive industry, based on the strength of scientific and technological innovation, and put forward more solutions in the cyber security of the whole life cycle of the vehicles.”