On October 31, Tianqi Co., Ltd. issued a statement revealing that it had inked a Strategic Cooperation Framework Agreement with Foxconn New Energy Vehicle Industry Development (Henan) Co., Ltd. Under this agreement, the two entities will join forces in the research and development of embodied intelligent robots, aiming to integrate them seamlessly into Foxconn's automotive production framework. Additionally, they will set up a data collection and training hub to support this endeavor. Over the forthcoming five-year period, both parties have outlined plans to introduce a minimum of 2,000 embodied intelligent robots into Foxconn's automotive production and manufacturing operations. It's important to note that this agreement, being an Intentional Document (a document outlining intentions), does not detail specific transaction amounts and will remain in effect for five years from the date of its signing, adhering to standard business practices and contractual norms.