Foresight Autonomous signs cooperation agreement with EV OEM in China

Foresight Autonomous Holdings announced the signing of a multi-phase cooperation agreement with a global electric vehicle original equipment manufacturer in China, specializing in EVs, rechargeable batteries and related products. As previously announced on September 21, 2023, the first phase of the agreement consists of a proof of concept project to evaluate Foresight’s 3D perception capabilities, including high resolution point cloud, object detection and disparity map, for the possible enhancement of the OEM’s current automotive vision solution. Upon successful completion of the POC project, the parties intend to negotiate a definitive commercial agreement for the joint development, integration and commercialization of Foresight’s technology into the OEM’s automotive vision systems. Furthermore, the OEM will introduce Foresight’s technology to its subsidiaries, customers and partners, presenting Foresight as a business partner and thereby facilitating the relationship between Foresight and the OEM’s partners.