TD Holdings Joins Hand With Eagsen To Develop Intelligent Automobile System Business

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  • TD Holdings Inc GLG has entered into a strategic cooperation framework agreement with Shanghai Eagsen Intelligent Technology Co., Ltd. to jointly develop the intelligent automobile system and digital cloud warehouse business. Deal terms were not disclosed.
  • Eagsen is a company engaged in the research and development of automotive informatization and intelligence.
  • Eagsen will provide consulting support for developing an intelligent automobile system, while TD Holdings provides the necessary funding.
  • Both parties shall jointly own the intellectual properties developed through the alliance.
  • TD Holdings and Eagsen plan to enter into a definitive agreement with details of the cooperation in the future.
  • Price Action: GLG shares are trading higher by 1.33% at $0.41 on the last check Wednesday.
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