Ambarella(US:AMBA) Newsfilter·2024-06-11 09:00Core Insights - Leapmotor and Ambarella have signed a strategic cooperation agreement to enhance intelligent driving experiences in the global new energy vehicle market [1][4] - Leapmotor will develop an advanced intelligent driving solution utilizing Ambarella's CV3-AD family of automotive AI domain controller SoCs [1][2] - The CV3-AD SoCs are based on 5nm technology, comply with ASIL-B/D safety standards, and support various environmental sensing suites [2] Company Overview: Leapmotor - Leapmotor is a technology-driven NEV company based in China, focusing on independent R&D capabilities in core technologies [5] - The company has launched a dual-model layout of battery electric and extended range vehicles in 2023, with four electric vehicle models currently in mass production [5] - In 2023, Leapmotor delivered 144,155 units, positioning itself as a significant player among China's emerging NEV manufacturers [5] Company Overview: Ambarella - Ambarella specializes in edge AI semiconductor solutions for various applications, including advanced driver assistance systems and autonomous driving [6] - The company's SoCs provide high-resolution video processing, advanced image and radar processing, and deep neural network capabilities [6] - Ambarella's CV3-AD family is designed to enhance AI performance while reducing power consumption, crucial for electric vehicle design [4]