Advanced driver assistance systems use AI to enable a vehicle to make decisions, assist the driver and ultimately operate autonomously.
• Continental and Horizon Robotics signed a Joint Venture (JV) contract, and JV will be located in Shanghai, China
• Continental brings its system know-how for Advanced Driver Assistance Systems and Automated Driving plus its global reach and manufacturing strength to the Joint Venture
• Horizon Robotics continues to focus on Artificial Intelligence processors and algorithms for intelligent driving
Lindau (Germany)/Shanghai/(China), September 29, 2021. Today technology company Continental, and one of the global leaders in edge Artificial Intelligence (AI) computing platforms Horizon Robotics signed a Joint Venture (JV) contract, focusing on providing hardware and software integrated solutions for Advanced Driver Assistance Systems and automated driving. Continental will be the majority shareholder. They also signed the investment contract with Shanghai Jiading Industrial Zone that the new JV will be located in Jiading District Shanghai. The JV is expected to have around 200 employees. Intelligent driving, facilitated by Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) capabilities, is a field with big market growth potential and where development speed is of the essence. Therefore, Continental and Horizon Robotics are establishing a Joint Venture to accelerate the development and to commercialize automotive AI technology.
Continental and Horizon Robotics have been cooperating for several years already. This has led first to a Memorandum of Understanding (MoU) to cooperate, which was published early last year. This was followed by another MoU at the Auto Shanghai this year, to form a JV. At that time the cooperation had picked up further momentum so that both companies decided to work together even more closely. The target of the JV is to integrate Horizon Robotics’ processors and algorithms in smart cameras and control units for ADAS and Automated Driving from Continental and to give Horizon Robotics a global reach and manufacturing footprint for its technology. It will serve the Chinese market as well as international OEMs globally. Up to now, some Chinese car manufacturers are willing to have a corporation with the JV for mass production.
Today, the Joint Venture also signed a MOU for a cooperation with global automotive software leader Elektrobit. With Elektrobit’s experience and expertise the two parties can better facilitate the development and mass production of local autonomous driving-associated products today. Elektrobit will provide reliable software products and solutions of underlying standardized vehicle infrastructures, so that JV can focus on developing differentiated features and innovations.
“We highly respect the focus and speed with which our partner Horizon Robotics is driving forward automotive AI technology. This approach to innovation is what the market needs. By forming a Joint Venture with our new partner, we can leverage a powerful combination of cutting-edge AI technology and the longstanding manufacturing and quality process expertise with best-in-class and affordable products”, said Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental.
The automobile industry has fully entered the intelligent stage. Being in the center of the stadium, only by embracing new thinking, innovative mentality and open mind can we seize the opportunity of industrial transformation”, said Kai Yu, founder and CEO of Horizon Robotics. “Continental has a century-old history and continues to lead the innovation and upgrading of the global automotive industry. And Horizon Robotics has a deep accumulation of artificial intelligence technology and the ultimate local service. We two parties establish a joint venture company to create a brand-new industrial cooperation model and will work together to become the firm implementer and practitioner of the industrialization of smart cars.”
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. In 2020, Continental generated sales of €37.7 billion and currently employs around 193,000 people in 58 countries and markets. In 2021, the company celebrates its 150th anniversary.
Horizon Robotics is a global leader in automotive-grade edge AI computing platforms for intelligent vehicles and was the only Chinese company to commercialize autonomous driving processors. Founded in Beijing in 2015, Horizon Robotics develops next-generation technology for smart vehicles by integrating hardware and software, including its proprietary edge AI processors, algorithms and development toolkits. Horizon’s solutions power advanced driver-assistance systems (ADAS), autonomous driving and intelligent in-cabin AI applications.
Advanced driver assistance systems use AI to enable a vehicle to make decisions, assist the driver and ultimately operate autonomously.
• Continental and Horizon Robotics signed a Joint Venture (JV) contract, and JV will be located in Shanghai, China • Continental brings its system know-how for Advanced Driver Assistance Systems and Automated Driving plus its global reach and manufacturing strength to the Joint Venture
• Horizon Robotics continues to focus on Artificial Intelligence processors and algorithms for intelligent driving
Lindau (Germany)/Shanghai/(China), September 29, 2021. Today technology company Continental, and one of the global leaders in edge Artificial Intelligence (AI) computing platforms Horizon Robotics signed a Joint Venture (JV) contract, focusing on providing hardware and software integrated solutions for Advanced Driver Assistance Systems and automated driving. Continental will be the majority shareholder. They also signed the investment contract with Shanghai Jiading Industrial Zone that the new JV will be located in Jiading District Shanghai. The JV is expected to have around 200 employees. Intelligent driving, facilitated by Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) capabilities, is a field with big market growth potential and where development speed is of the essence. Therefore, Continental and Horizon Robotics are establishing a Joint Venture to accelerate the development and to commercialize automotive AI technology.
Continental and Horizon Robotics have been cooperating for several years already. This has led first to a Memorandum of Understanding (MoU) to cooperate, which was published early last year. This was followed by another MoU at the Auto Shanghai this year, to form a JV. At that time the cooperation had picked up further momentum so that both companies decided to work together even more closely. The target of the JV is to integrate Horizon Robotics’ processors and algorithms in smart cameras and control units for ADAS and Automated Driving from Continental and to give Horizon Robotics a global reach and manufacturing footprint for its technology. It will serve the Chinese market as well as international OEMs globally. Up to now, some Chinese car manufacturers are willing to have a corporation with the JV for mass production.
Today, the Joint Venture also signed a MOU for a cooperation with global automotive software leader Elektrobit. With Elektrobit’s experience and expertise the two parties can better facilitate the development and mass production of local autonomous driving-associated products today. Elektrobit will provide reliable software products and solutions of underlying standardized vehicle infrastructures, so that JV can focus on developing differentiated features and innovations.
“We highly respect the focus and speed with which our partner Horizon Robotics is driving forward automotive AI technology. This approach to innovation is what the market needs. By forming a Joint Venture with our new partner, we can leverage a powerful combination of cutting-edge AI technology and the longstanding manufacturing and quality process expertise with best-in-class and affordable products”, said Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental.
The automobile industry has fully entered the intelligent stage. Being in the center of the stadium, only by embracing new thinking, innovative mentality and open mind can we seize the opportunity of industrial transformation”, said Kai Yu, founder and CEO of Horizon Robotics. “Continental has a century-old history and continues to lead the innovation and upgrading of the global automotive industry. And Horizon Robotics has a deep accumulation of artificial intelligence technology and the ultimate local service. We two parties establish a joint venture company to create a brand-new industrial cooperation model and will work together to become the firm implementer and practitioner of the industrialization of smart cars.” Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. In 2020, Continental generated sales of €37.7 billion and currently employs around 193,000 people in 58 countries and markets. In 2021, the company celebrates its 150th anniversary.
Horizon Robotics is a global leader in automotive-grade edge AI computing platforms for intelligent vehicles and was the only Chinese company to commercialize autonomous driving processors. Founded in Beijing in 2015, Horizon Robotics develops next-generation technology for smart vehicles by integrating hardware and software, including its proprietary edge AI processors, algorithms and development toolkits. Horizon's solutions power advanced driver-assistance systems (ADAS), autonomous driving and intelligent in-cabin AI applications.
