Core Viewpoint - BASF and Jiangsu New Times Technology Group Co., Ltd. signed a strategic cooperation agreement to promote material innovation in the robotics and automotive industries, leveraging BASF's expertise in advanced materials and New Times' capabilities in product development and manufacturing [1]. Group 1: Strategic Partnership - The strategic cooperation agreement was officially signed on October 20 in Shanghai [1]. - The partnership aims to integrate BASF's leading technology in advanced materials with New Times' expertise in product application development and advanced manufacturing [1]. - Both companies are optimistic about the development prospects in the robotics industry, including embodied intelligence and commercial robots, as well as the automotive sector [1]. Group 2: Development Focus - The collaboration will focus on developing advanced material solutions for the robotics and automotive industries, emphasizing lightweight, high-strength, and high-precision components [1]. - Currently, New Times is in the early stages of developing robotic components, with further progress to be announced in future company updates [1].