Neusoft joins hands with HERE to create more competitive global navigation solutions

People visit the 20th Shanghai International Automobile Industry Exhibition in Shanghai, east China, April 18, 2023. (Xinhua/Chen Jianli)

Chinese software company Neusoft Corporation (Neusoft, 600718.SH) and the world's leading map data service company HERE jointly announced to upgrade their strategic cooperation during the 20th Shanghai International Automobile Industry Exhibition, reported China Securities Journal Friday quoting Neusoft.

The two sides will jointly forge more competitive navigation product solutions for automotive enterprises globally by utilizing Neusoft's product solutions and mass production experience in the navigation field, as well as HERE's world-leading map data service and online service platforms.

HERE focuses on providing location services and solutions for automobiles, consumers and enterprise customers through map data and location platforms.

Neusoft has a long history of cooperation with HERE. By combining HERE's world-leading location data and platform services to optimize road information in various regions through multiple rounds of high-precision and large-scale testing, Neusoft has achieved accurate positioning guidance and iteration of navigation products.

At present, Neusoft has cooperated with more than 50 famous international automobile brands on more than 100 global navigation projects, with its products covering more than 120 countries and regions.

The upgrading of strategic cooperation between Neusoft and HERE can better help Chinese automobile enterprises to expand the global market, and the two sides will jointly bring more convenient and intelligent navigation products to global automobile enterprises to meet the multi-scenario travel needs of global consumers.