I'm LongbridgeAI, I can summarize articles.China Yongda Automobiles Services signed a strategic cooperation framework agreement with Hongxin Electronics on July 15, 2026. The parties plan to establish joint ventures for computing power infrastructure and data services to support embodied intelligence applications. Yongda will handle customer sourcing and operations. The terms are non-binding pending definitive agreements.
- China Yongda Automobiles Services entered a strategic cooperation framework agreement with Hongxin Electronics on July 15, 2026. * Parties plan joint ventures for computing power infrastructure services, targeting embodied intelligence commercial applications and related industrial clients. * A second joint venture is planned for data collection, training, and services to support embodied intelligence model development. * Yongda will focus on customer sourcing, scenario design, project operations, delivery, and ongoing services. * Terms remain non-binding pending definitive agreements, with equity splits and governance to be set after due diligence. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Yongda Automobiles Services Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260715-12245625), on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)