On April 5th, China’s navigation giant NavInfo inked a strategic cooperation framework agreement with Honeywell Sensing & Control China Co., Ltd. (Honeywell) for automotive chip, autonomous driving and intelligent V2X development.
Main productsIntelligent Driving Intelligent Driving L2 Product: L2 Box L2+ Intelligent Driving Products: Low-computing-power domain controllers for integrated driving and parking; high-computing-power domain controllers for integrated driving and parking Integrated dual-domain products: cockpit-parking integration products and cockpit-driving-parking integration products. Intelligent Cockpit Dash Cam: 2G Travel Recorder, 4G Travel Recorder, 4G Video Terminal ADAS Series: ADAS+DMS Smart Vehicle Terminal: Truck Navigation, Segmented Speed Limit Function, Surveillance Camera T-BOX Series: 4G T-BOX, China VI T-BOX Compliant with Fuel/New Energy Vehicle Requirements PCC Predictive Cruise Intelligent Terminal: ADASIS Map, Intelligent Load Algorithm, Dynamic Planning Algorithm Load Sensor: Load Algorithm Vehicle Networking and Big Data Platform Commercial Vehicle Map Service: Intelligent Horizon, Geofencing, Segmented Speed Limit Road Network Map APP Operation Service Intelligent Cloud Map Products, Human-Machine Co-Driving Navigation Products, Data Compliance Closed-Loop Service, Dynamic Traffic Service, High-Precision Positioning Intelligent Chips Automotive AP：E-cockpit SoC, IVI SoC, SoC for DA and High-end LCD Instrument, Telematics SoC MCU
Main productsPrecision Castings, Component Blanks, Machined Parts
Beijing (Gasgoo)- On April 5th, China’s navigation giant NavInfo announced a strategic cooperation with Honeywell Sensing & Control China Co., Ltd. (Honeywell) for automotive chip, autonomous driving and intelligent V2X development.
Photo credit: NavInfo
The agreement specifies that the partners will deepen their current cooperation in the auto-grade chip aspect. NavInfo will continue supplying various professional automotive chips for Honeywell. Honeywell is obligated to prioritize NavInfo’s chips when selecting suppliers for its onboard hardware and equipment.
The two companies also have plans in intelligent driving and new energy fields. Specifically, the partners aim to provide production-ready autonomous driving solutions by combining NavInfo’s L2 to L4 autonomous driving solutions with Honeywell’s IMU sensors.
With each company’s resources and capabilities, NavInfo and Honeywell will co-develop new energy solutions, and explore the possibilities of international business.
Through the cooperation, NavInfo and Honeywell aim to reinforce their market share and competitiveness in the auto-grade chip and autonomous driving fields, furthering their product industrialization.
Notably, NavInfo’s efforts in enhancing its performance are fruitful. In 2021, the company celebrated a turnaround from loss to profit, with annual revenue of RMB3.06 billion ($482.4 million), surging 42.48% from a year ago, resulting in a net profit of RMB122 million ($19.22 million).
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