Continental AG, Horizon Robotics to build intelligent driving joint venture

Shanghai (Gasgoo)- German auto parts manufacturer Continental AG announced on April 23 it has signed a MoU (Memorandum of Understanding) with Chinese AI chip designer Horizon Robotics to build a joint venture dedicated to intelligent driving business.

Continental AG, Horizon Robotics signing MoU; photo credit: Continental AG

Under the MoU, both parties will fully leverage their advantages in product quality management, supply chain, AI chips and algorithm to provide advanced driver assistance system (ADAS) and autonomous driving software & hardware system solutions for global automakers including China’s local carmakers.

Prior to the latest building of the tie-up, Continental AG and Horizon Robotics also inked a MoU at the Auto China 2020 held in last September. Under the earlier agreement, both parties agreed to carry out in-depth cooperation in high-level ADAS and driving automation with China as the core market. Horizon Robotics would make use of its core competency in automotive-grade AI processors and AI algorithms to assist Continental AG with the development of innovative and industry-leading intelligent driving solutions, contributing to the innovative breakthrough for global automotive industry and embracing the era of smart vehicles.

“Combining Continental AG's powerful strengths in product quality management, supply chain technology innovation and R&D with our automotive-grade AI chips of Journey series and perception algorithm related to ADAS, both of which have sailed through the validation for mass production, we will be able to provide better intelligent driving products for China and global auto markets, and introduce more factory-installed products into more production models, contributing to a faster advent of auto intelligence era,” said Zhang Yufeng, vice president and general manager of intelligent driving product line of Horizon Robotics.