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Shares of Neusoft experienced an uptick after the Chinese software firm announced it has become the official supplier of smart cockpit domain controllers for a prominent local automaker, marking its second such agreement in just two months.
The company’s stock closed 3.1% higher at CNY10.54 (approximately USD1.48) per share today, even as the overall Shanghai stock index declined by 0.4%.
This six-year partnership is projected to generate around CNY4.2 billion (roughly USD590 million) in revenue, according to a statement issued yesterday. The automaker plans to incorporate these products across multiple upcoming models, with the vehicles likely to begin mass production and reach markets between next year and 2027.
Smart cockpit domain controllers serve as the central processing units for vehicle’s intelligent cockpit systems, playing a crucial role in improving user interaction and overall vehicle intelligence.
The two companies have maintained a longstanding collaboration, though the client’s name was not disclosed.
In its financial report for the first half of the year, Neusoft listed well-known automakers including Geely, Changan, FAW Group, and Guangzhou Automobile Group among its key clients.
Additionally, on September 18, the company announced it had secured another contract to supply smart cockpit domain controllers to a leading Chinese automaker, with this four-year deal expected to generate CNY5.6 billion in revenue.
The growth of new product launches, especially the mass production of smart cockpit controllers, has driven the company’s automotive tech segment to constitute 44% of its revenue during the first half of the year — making it the firm’s largest income stream.
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