STWP definition
STWP means Shared Technology Working Principles between Polestar and Geely that the parties have agreed to be jointly developed. • Service Provider will develop the complete [***] vehicle from the PC gate to the FSR gate. The [***] is based on the PMA-1 platform and the [***] electrical Architecture and include certain Top-hat carry-over technology which is licenced to the Purchaser under separate agreements. This Service Agreement includes all activities related to development and sourcing the complete vehicle and the full integration of the Licensed IP into the [***] vehicle. The [***] vehicle will have SOP [***] (China), [***] (Europe) and [***] (USA). • The pre-requisites for the [***] project are: • The [***] project is a Turn Key program • Use Geely NPDS process (NPDS documents, guides and instructions shall be available for Purchaser) • Adhere to Geely Code of Conduct • PMA-1+[***] licensed to Purchaser in accordance to a separate license from Zhejiang Liankong Technologies Ltd. Co. • Tophat carry-over licensed to Purchaser in accordance to a separate license from Zhejiang Zeekr Intelligent Technology Co.,Ltd. • 12V1R ADAS • Infotainment and Connectivity solution [***] • RWD and AWD [***] • [***] • SiC inverter all variants and disconnector clutch for AWD • 5-star CH/EU/US-NCAP rating • Comply with System Safety (ISO 26262) • For branding—use Geely Standards with agreed specific to [***]; • Manufacturing plant will be [***]; • Arm length distance • Trust, transparency, and respect as the base for the collaboration • Common effort following the agreed RASIC (agreed job split) • Lesson Learn from [***] and STWP (share technology working principle to be agreed between the parties) but respecting differences in the Volvo and Polestar organizations and operational model.
Examples of STWP in a sentence
WICK has had access to all documents and information about WERKE, STPF and STWP and has reviewed sufficient information to allow them to evaluate the merits and risks of the transactions contemplated by this Agreement.
The Closing will be held as soon as possible and it is currently anticipated that it will occur within one week following the completion of the Audit of WERKE and STWP, at the offices of the Company's agent in Rockville, Maryland, unless another place or time is mutually agreed upon in writing by the parties.