MarkLines Co (TYO:3901) has completed the procedures for the establishment of a joint venture with Huaqin Technology (SHA:603296), according to a Thursday filing on the Tokyo Stock Exchange.
The joint venture, named MarkLines Software Development, will focus on developing software for intelligent vehicles, including electric vehicle (EV) control systems, for the Japanese market.
The joint venture aims to strengthen Japan's competitiveness in EV and intelligent vehicle technology, responding to global pressures from China, Europe, and the US.
By combining Huaqin's expertise in hardware and software development with MarkLines' automotive network, the venture will offer software development services to Japanese automakers and suppliers.
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