Cogobuy Group announced that INGDAN.com, entered a strategic agreement with Toyota to establish the "Toyota INGDAN.com Innovation Platform" ("Innovation Platform") smart car ecosystem in China. Through the new platform, the two parties will apply Toyota's core technologies to China's innovative enterprises, and empower the Chinese smart car industry to develop the next generation of automotive products and applications. Through the Innovation Platform, Toyota will introduce hundreds of advanced Japanese automotive technology suppliers, while INGDAN.com will provide access to its abundant upstream and downstream enterprises and project resources to strengthen the currently weak industrial chain, both helping to facilitate greater auto industry innovation in China. Additionally, several outstanding new startups are expected to grow out of the new ecosystem, which will help the Company capture new energy and industrial dividends.