![]() ![]() The lidar industry in China is enjoying a boom as the country’s electric car makers - which themselves have benefited from government support for renewable energy - woo picky consumers with advanced driving technology, in-car entertainment, other novel auto features. Shen Ziyu, Ecarx’s other co-founder and a former General Motors executive, told Reuters in March 2021 that the company had already supplied 2.5 million vehicles. Its customers include, unsurprisingly, Geely-owned brands like Lotus and Volvo. ![]() Ecarx is building a comprehensive platform for the future of cars, focusing on the likes of auto chips and smart vehicles. Luminar’s sensing technology can potentially reach millions of vehicles through the Geely/Ecarx auto empire. The funding will be part of the pair’s wider collaboration on automotive-grade technologies, which aims to “ enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks,” a plan that Luminar unveiled in May. It’s making a strategic investment of an undisclosed amount in Ecarx, an auto tech startup co-founded by Eric Li, founder of China’s largest private automaker Geely, Ecarx said on Thursday. is an automotive intelligence technology company founded by Eric Li, Chairman of Volvo Cars and its parent Zhejiang Geely Holding Group and Ziyu Shen, CEO of ECARX in 2016.Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. Financial terms of ECARX’s investment in Zenseact have not been disclosed.ĮCARX Technology Co., Ltd. This planned collaboration between Volvo Cars and ECARX follows a separate recent planned tie-up between the companies in infotainment. Drivers across China will soon be able to access a new software- and AI-defined safety where we can help avoid accidents, save lives and make riding and driving more enjoyable. ECARX is an innovative tech company with a strong presence in China. The time has come to take top-end AD and ADAS services to more Chinese consumers – said Ödgärd Andersson, chief executive at Zenseact. It is also working with LiDAR technology firm Luminar to commercialise a complete AD offering. The strategic investment allows Zenseact to capitalise on the accelerating demand for AD systems in China. ![]() Zenseact’s first delivery will be technology for next generation Volvo and Polestar cars, such as active safety features and an unsupervised AD function for highways. The investment strengthens our footprint in China and gives Zenseact a clear way to grow more quickly. Zenseact is a pioneer in self-driving technology, and this strategic investment from ECARX enables us to scale up quicker in China – said Håkan Samuelsson, chief executive of Volvo Cars and chairman of the board at Zenseact. The strategic investment and planned collaboration with ECARX strengthen Zenseact’s presence in China, the world’s largest automotive market, allowing it to accelerate technology deployment in China across the Geely group of brands and beyond. ![]() Building on Zenseact’s global software platform, the companies also plan to collaborate on AD for the Chinese market. Strategic investment by ECARX in Zenseact, the Volvo Cars autonomous driving (AD) software development subsidiary, aimed to autonomous driving technology.ĮCARX will take a 15 per cent shareholding in Zenseact and make a strategic investment in the company’s continued development of leading and safe AD and safety technologies. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |