Fulongma to invest 200 million yuan in exclusive tie-up with Huawei Cloud for autonomous sanitation driving

M&A · PartnershipProduct / Tech
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Summary · why it matters

After market close on September 17, Fulongma announced plans to sign a contract related to autonomous sanitation driving technology development and to cooperate with Huawei Cloud Computing Technologies on developing autonomous sanitation driving technology. The cooperation is an exclusive strategic partnership between the two sides in the field of intelligent sanitation, with a total contract value of 200 million yuan including tax. According to the announcement, the two sides have planned agreed three-ton and six-ton vehicle platforms, sweeping and washing business scenarios, and other elements. Huawei Cloud will conduct technical research on vehicle intelligent upgrades, drive-by-wire optimization, and cloud adaptation, and will exclusively develop and deploy the Fulongma Sanitation Autonomous Driving System for Fulongma, including cloud-based, vehicle-side software, and vehicle-side intelligent hardware solutions. Huawei Cloud will lead the adaptation and verification of autonomous driving algorithm software for three vehicle platforms in sweeping and washing scenarios. This is not the first time the two sides have joined forces. On December 11, 2025, Fulongma and Huawei signed a framework cooperation agreement, and on September 12 the two sides further signed a strategic cooperation agreement on embodied intelligence in the sanitation robot field. In the first half of 2026, Fulongma achieved revenue of 2.608 billion yuan, up 7.63 percent year on year, and net profit attributable to the parent company of 101 million yuan, up 7.27 percent year on year. Sanitation equipment business revenue was 808 million yuan, up 61.15 percent year on year, and sales of new energy sanitation equipment reached 938 units, up 81.43 percent year on year, accounting for 38.70 percent of total sales.

Impact on stocks 1

Others▲ · 1 stocks
Fujian Longma Envi Sanitation
603686
▲ PositiveDemandrelevance

Fulongma signs a 200 million yuan exclusive contract with Huawei Cloud to develop and deploy its autonomous sanitation driving system, a concrete product/order development.

Theme Impact 3

Off-coverage companies 1

Huawei CloudPrivate▲ Positive
Demandrelevance

Huawei Cloud wins an exclusive strategic partnership to develop and deploy Fulongma's sanitation autonomous driving system, adding a named customer deal.

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