SANY Group and Ambarella announced a strategic cooperation focused on advanced mobility solutions for the global market. SANY agreed to leverage Ambarella’s powerful CV3-AD family of automotive AI domain controller systems-on-chip to develop advanced automated driving solutions, and to achieve technical validation and deployment on its next-gen commercial vehicles and special-purpose vehicles. At the same time, both parties will collaborate on the joint development of high-performance and highly integrated automated driving solutions, as well as jointly promoting them in the market, with the goal of achieving start-of-production for the first collaborative vehicle model by calendar year 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMBA:
- SANY Group and Ambarella Announce Strategic Cooperation to Accelerate Implementation of CV3-AD Domain Controller-Based Intelligent Driving Systems
- Largest borrow rate increases among liquid names
- Ambarella management to meet with Rosenblatt
- Ambarella Sets Incentive Plan Tying Executive Bonuses to Performance
- Ambarella price target raised to $65 from $60 at Roth MKM
