TU-TESL

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Faurecia, the world's leading auto parts technology company, and aptoide, one of the independent android app stores, announced to work together to form a joint venture (each holding 50% equity) to jointly develop and operate Android App Store Solutions for the global automotive market. The joint venture will provide the vehicle enterprises with affordable and guaranteed automotive application software, which is universal in the world and can be adjusted according to the region. Aptoide app store has 1 million Android apps, covering a wide range of use cases, including games, navigation, streaming content services, interest preference recommendation and parking. In addition, aptoide can also provide integrated and safe payment mechanism to support the strategic needs of vehicle manufacturers for monetization of services, while ensuring the information security of vehicles and drivers. Depending on the joint venture, aptoide will bring a wide range of Android applications and rich promotion experience with its unique ecosystem. Faurecia will give full play to its professional advantages in customer resources, vehicle information entertainment system (IVI) integration and network information security to promote the development of business. Patrick Koller, chief executive of Faurecia Group, said: "we are pleased to work with aptoide to create a new digital experience for consumers. Through our flexible solutions, we can help customers create a new business model. " "Interconnection is the general trend in the automotive industry," said Paulo trezentos, CEO and co-founder of aptoid. Aptoide's cooperation with Faurecia will fully integrate the innovation capabilities and industry expertise of both sides, and provide the best Android application solutions for global automobile manufacturers. "