Tuya Inc. (NYSE: TUYA) surged 8.82% in pre-market trading on Friday, following the company's announcement of a strategic partnership with Chinese automaker Chery to develop a cutting-edge smart cockpit that seamlessly integrates automotive and home ecosystems.
Under the agreement, Tuya's advanced smart space solutions will be leveraged to enable real-time communication and control between passenger vehicles, in-car devices, and smart home systems. Drivers will be able to adjust lighting, air conditioning, and curtains at home through the car's infotainment system powered by Tuya's technology, providing a seamless transition from the road to their living spaces.
The partnership aims to establish an interoperable smart home system across brands, ecosystems, and devices, allowing for seamless integration between cars, in-car devices, and smart home systems. This collaboration is expected to accelerate the integration of automotive and home ecosystems, positioning Tuya as a key player in this emerging market.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.