Beijing (Gasgoo)-ThunderSoft, China’s leading provider of operating system technologies, released an announcement stating the company’s plan to set up a joint intelligent driving firm with Beijing Jiacheng Hehua Technology Co., Ltd (Jiacheng Hehua).

Photo credit: ThunderSoft

The registered capital of the new company will be RMB200 million ($31.28 million). Thundersoft will own 95% of the joint venture’s equity for RMB190 million ($29.71 million), and Jiacheng Hehua will invest RMB10 million ($1.56 million) for a 5% stake.

According to the announcement, the new company’s business scopes include R&D for high-level ADAS and autonomous driving electronic control unit, consulting service for relevant parts, software, and technologies, as well as wholesale, retail, and export for the said products.

Founded in 2008 and headquartered in Beijing, ThunderSoft is one of the biggest software developers in China. The company provides products and solutions in the mobile, IoT, automotive, and enterprise aspects.

ThunderSoft has established joint ventures with Qualcomm, Arm, and Intel. Meanwhile, the company operates joint laboratories with Qualcomm, Intel, Microsoft, Arm, Samsung, and Sony, among many others.

The autonomous driving platform company will help ThunderSoft enter into the intelligent driving and auto computing market. The two companies aim to set up an open and comprehensive ecosystem for autonomous driving technologies.