Tangyuan Electric announced that its wholly-owned subsidiary Zhigu Yunxing plans to invest 5 million yuan with Professor Liu Xiaobo and Dr. Qu Hezhou of Southwest Jiaotong University to establish a joint venture company, Chengdu Xijiao Zhixing Technology Co., Ltd. Among them, Zhigu Yunxing plans to invest 3 million yuan and hold 60% of the equity of the joint venture; Professor Liu Xiaobo plans to invest 1 million yuan and hold 20% of the equity of the joint venture; Dr. Qu Hezhou plans to invest 1 million yuan and hold 20% of the equity of the joint venture. The joint venture will be committed to building a leading AI edge computing all-in-one machine and AI algorithm services in the field of smart highways, and provide efficient, safe and green new generation smart transportation solutions for urban traffic congestion management, traffic accident prevention, traffic flow optimization, smart road maintenance, intelligent driving and unmanned driving.