INGDAN.com Sees Intelligent Vehicle Business as a Future Growth Driver

    INGDAN.com Sees Intelligent Vehicle Business as a Future Growth Driver

Teams Up with Leading ADAS Manufacturer Mobileye to Capture China's Market

PR Newswire

HONG KONG, Aug. 15, 2017

HONG KONG, Aug. 15, 2017 /PRNewswire/ -- Cogobuy Group ("Cogobuy" or the
"Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), the
largest e-commerce platform serving the electronics manufacturing industry in
China, is pleased to announce INGDAN.com, the Company's intelligent hardware
innovation platform, had become the first official partner with Mobileye
(NYSE: MBLY), the global leader in the development of vision technology for
Advanced Driver Assistance Systems (ADAS) and autonomous driving, to roll out
the Powered by Mobileye Program ("The Program") to capture the lucrative
intelligent drive market propelled by the favorable national policy.
INGDAN.com had facilitated cooperation between Mobileye and various vehicle
manufacturers for coach buses, heavy locomotives and special-purpose vehicles.
New energy vehicle projects, especially in relation to coach buses are
expected to roll out from the fourth quarter 2017 at earliest.

To cater to the automotive market in China with more automobile enterprises,
complex modelling platforms and diverse annual outputs, The Program is
uniquely positioned among Mobileye's global strategies in boosting sales in
China and INGDAN.com is its pioneer partner in China. INGDAN.com and Mobileye
aim at consolidating their cooperation to exploit synergies from leveraging
Mobileye's leading autonomous driving and INGDAN.com strong resource-matching
capabilities. By achieving localization of technology transfer, integration
and production, Mobileye expects to see its market share surge in China.
Mobileye's leading ADAS technology has been well-recognized among global
automotive manufacturers. Currently, Intel is acquiring approximately 84
percent of Mobileye's outstanding ordinary shares listed on The New York Stock
Exchange. Upon the completion, Intel's Automated Driving Group will merge with
Mobileye.

Propelled by the national policy, the market for intelligent driving in China
is embracing new growth drivers. The Ministry of Transport released at the
beginning of the year new requirement to have business vehicles of lengths 9
metres or above to have LDS (Lane Departure Warning) systems and FCW (Front
Collision Warning) systems installed as standards. This will bring about a
lucrative development opportunity to The Program. Moreover, the announcement
of "China Safety Coach Assessment Programme" last month by the authorities
signified a realization by the Government of internet safety works covering
new areas and new businesses such as Internet of Vehicles, etc., as the key
area to work on, instilling further impetus the smart car industry.

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "The national policy has given
rise to huge demand for core intelligent driving technologies such as Advanced
Driver Assistance Systems (ADAS) from the automobile manufacturing industry.
This will create huge potential for the industry. According to projections by
HIS Markit, the aggregate value of automated driving automobile sales will
reach 21 million units by 2035, where 5.7 million units will be sold by China
market. The Company had planned ahead to expand its foothold in the smart car
business and had established a long term strategic partnership with Mobileye
since 2015. With the boost from INGDAN.com, the Company successfully
facilitated inclusion of an "ADAS + Internet of Vehicles" solution by Mobileye
in Hong Kong Smart City Development Blueprint. We believe that following the
completion of integration with Intel's Automated Driving Group, Mobileye will
see its leadership position in the market further reinforced. As Mobileye's
first partner in China, the Company enjoys a first-mover advantage and should
be able to reap benefits from this. The Company is confident that the
intelligent vehicle market will pick up a rapid-growth path within this year
and will become its new growth driver.

– End –

About Cogobuy Group

Cogobuy Group is the largest e-commerce service platform serving the
electronics manufacturing industry in China. Through the e-commerce platform,
which includes a direct sales platform, an online marketplace, and a dedicated
team of technical consultants and professional sales representatives, the
Company provides customers with comprehensive online and offline services
across pre-sale, sale, and post-sale stages. The Company serves mainly SME
electronics manufacturers.

For further information, please refer to the Company's website at
http://www.cogobuy.com/

About INGDAN.com

INGDAN.com is a platform dedicated to connecting global intelligent hardware
entrepreneurs and China-based supply chain resources. The platform provides
information on hardware innovation, supply chain data and supply chain demand
docking for global IoT innovators and entrepreneurs. It is a one-stop hardware
innovation business platform with its core being the "supply chain."

For further information, please refer to the Company's website at
http://www.ingdan.com/

About Mobileye

Founded in 1999, in Jerusalem, Israel. Mobileye is the global leading supplier
for Advanced Driver Assistance Systems (ADAS) and autonomous driving. With its
cutting edge in vision-safety technology, data analysis, sensing and mapping,
Mobileye is the "third eye" on the road, capable of reducing or mitigating the
risk of collision. Mobileye is the supplier to 30 world- leading automakers,
with its vision safety technology deployed on over 20 million vehicles, in
addition, Mobileye is developing autonomous driving technologies with 10 other
automakers. Currently, Intel is acquiring 84 percent of its outstanding
ordinary shares, and intended to merge its Automated Driving Group with
Mobileye upon completion of subscription.

View original
content:http://www.prnewswire.com/news-releases/ingdancom-sees-intelligent-vehicle-business-as-a-future-growth-driver-300505049.html

SOURCE Cogobuy Group

Website: http://www.cogobuy.com/
Contact: For investor and media enquiries, Please contact Ms. Wanyee Ho / Ms.
Amy Guo at ir@cogobuy.com. This press release is issued by Financial PR (HK)
Limited on behalf of Cogobuy Group. For further information, please contact:
Financial PR (HK) Limited, Mr. Hon Fung, Email: hf@financialpr.hk; Mr. Tim
Yue, Email: timyue@financialpr.hk; Ms. Carol Yeung, Email:
carolyeung@financialpr.hk; Ms. Tracy Law, Email: tracylaw@financialpr.hk; Tel:
(852) 2610-0846, Fax: (852) 2610-0842
Press spacebar to pause and continue. Press esc to stop.