(Yicai) April 12 -- Shares in Soling Industrial surged today before tumbling as investors cashed in after the Chinese smart car software and hardware developer said that it is linking arms with auto chipmaker SemiDrive Technology to produce an upgraded range of smart cockpits and other intelligent driving products.

Soling’s share price [SHE: 002766] was trading down 1.1 percent at CNY4.27 (USD0.55) as of 1 p.m. Earlier in the day it jumped 8.7 percent to hit CNY4.70.

Soling is teaming up with SemiDrive to develop in-car infotainment systems and displays, including electronic rearview mirrors, powered by SemiDrive’s auto chips, the Shenzhen-based company said yesterday.

The tie-up will help both parties produce more competitive smart cockpits and solutions using fully independent software and hardware in order to give automakers and consumers a better experience, Soling said.

The partnership will also help accelerate the upgrading of Soling's SoCockpit smart cockpit, which uses a X9 series chipset developed by Nanjing-based SemiDrive, it added.

Editor: Kim Taylor