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Ecarx to receive $45.6m investment from Geely Holding
Yahoo Finance· 2026-01-14 12:56
Investment Agreement - Ecarx Holdings has signed a subscription agreement with Geely Holding for a strategic investment of $45.6 million [1] - Geely will purchase approximately 27.29 million newly issued Class A ordinary shares at a price of $1.67 per share [1][2] Financial Details - The issue price reflects the volume-weighted average price of Ecarx's ordinary shares on Nasdaq over the 20 trading days prior to the agreement [2] - The private placement is subject to customary closing conditions and is expected to complete in the near term [2] Strategic Goals - Ecarx plans to use the net proceeds from the investment to accelerate the development of its vehicle hardware and software offerings [3] - The company aims to build out its R&D hub in Germany and expand infrastructure in South America and Southeast Asia [3][4] Market Position - Ecarx has established itself as a key technology partner in the global automotive industry, as noted by Geely's executive vice chairman [5] - The investment reflects Geely's confidence in Ecarx's long-term vision and technological capabilities [5]
Seeing Machines breaks new ground at CES 2026 with 3D Cabin Perception Mapping
Prnewswire· 2026-01-13 12:00
Core Insights - Seeing Machines has launched its next-generation 3D Cabin Perception Mapping platform at CES 2026, enhancing real-time monitoring capabilities for vehicle interiors, which is crucial for future mobility solutions [1][6] Technology Overview - The 3D perception mapping solution provides a comprehensive digital reconstruction of the vehicle cabin, enabling accurate and scalable interior sensing from a single perception layer [2][5] - This platform is built on a "clean-sheet" architecture that supports multiple cameras and occupants, allowing for a unified approach to cabin sensing [2][4] - Unlike traditional methods, the platform simultaneously addresses the entire cabin, improving consistency and accuracy even with noisy sensor data [3][5] Development and Deployment - The architecture allows for decoupling of feature development from camera configurations, which reduces development time, cost, and effort [4] - The platform is designed for flexibility, supporting various 3D technologies and potential applications beyond automotive, including robotics and human-machine interactions [5] CES 2026 Demonstration Features - The platform showcased features such as real-time digital reconstruction of the cabin, body size and shape detection, out-of-position occupant detection, seat configuration analysis, child seat detection, and random object detection [7][8] Company Background - Seeing Machines, founded in 2000 and headquartered in Australia, is a leader in vision-based monitoring technology, focusing on enhancing safety through AI algorithms and real-time understanding of vehicle operators [9]
四维图新(002405.SZ):和北汽蓝谷在智能座舱、智能驾驶方面有合作
Ge Long Hui· 2026-01-13 01:31
格隆汇1月13日丨四维图新(002405.SZ)在投资者互动平台表示,公司和北汽蓝谷在智能座舱、智能驾驶 方面有合作,且均斩获订单。 ...
ECARX Holdings Inc. Announces US$45.6 million Strategic Investment from Geely Holding Group
Prnewswire· 2026-01-12 12:04
Core Viewpoint - ECARX Holdings Inc. has entered into a subscription agreement with Geely Investment Holding Ltd. for the purchase of 27,297,002 newly issued Class A ordinary shares at a price of US$1.67 per share, totaling US$45.6 million, to support its global expansion and technological development [1][2][3] Group 1: Investment Details - Geely Holding will purchase 27,297,002 shares at US$1.67 each, amounting to US$45.6 million [1] - The share price reflects the volume-weighted average price over the preceding 20 trading days [1] - The private placement is subject to customary closing conditions and includes a six-month lock-up period for the shares [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to accelerate the development of vehicle hardware and software solutions [2] - The funds will also strengthen the company's financial position and liquidity [2] Group 3: Company Background and Market Position - ECARX is a global automotive technology provider, delivering solutions for next-generation smart vehicles [4] - The company was founded in 2017 and listed on Nasdaq in 2022, with over 1,500 employees across 13 locations [5] - ECARX products are currently found in approximately 10 million vehicles worldwide [5] Group 4: Strategic Importance of Investment - Geely Holding's investment reflects confidence in ECARX's long-term vision and technological capabilities [3] - The investment will support the establishment of an R&D hub in Germany and infrastructure in South America and Southeast Asia [3] - The company aims to capitalize on accelerating demand in the automotive technology sector [3]
TomTom and Visteon Partner to Launch In-Car AI: Privacy-First, Onboard Conversational Navigation
Globenewswire· 2026-01-08 06:30
Core Insights - TomTom and Visteon have successfully integrated TomTom's Automotive Navigation Application with Visteon's cognitoAI™ platform, enhancing the in-car navigation experience with advanced AI voice capabilities [1][4] - This collaboration aims to provide a high-performance, secure, and intuitive driver experience, setting a new benchmark for in-vehicle navigation [4] Company Overview - TomTom specializes in location technology, providing data and technology to drivers, carmakers, businesses, and developers, with a focus on building the world's smartest map [5] - Visteon is advancing mobility through innovative technology solutions, focusing on a software-defined future with a product portfolio that includes digital cockpit innovations and AI-enhanced software solutions [6] Technology Integration - Visteon's cognitoAI™ platform features a hybrid architecture powered by a multimodal Vision Language Model (VLM), allowing seamless operation in both offline and online modes, enhancing driver data privacy and processing speed [2] - The deep integration of voice processing with TomTom's navigation application allows drivers to use natural language for complex navigation requests, improving user interaction [2][3] Market Impact - The partnership leverages Visteon's expertise in automotive AI and TomTom's mapping technology, establishing a new industry standard for privacy-first, onboard AI navigation [4]
Roadzen enters definitive agreement to acquire VehicleCare
Yahoo Finance· 2026-01-07 13:20
On the opening day of CES 2026, Roadzen (RDZN) entered into a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform. The acquisition is expected to mark a significant milestone in Roadzen’s evolution, positioning the Company to transform from a claims intelligence provider into a full-stack claims operating system that combines digital claims decisioning with physical repair execution. VehicleCare is a software-enabled automotive repair and claims execu ...
Smart Eye Announces Pre-Integrated Driver and Occupant Monitoring on Renesas' R-Car Gen 5 Platform
Accessnewswire· 2026-01-06 16:35
Core Viewpoint - Smart Eye has announced the integration of its driver and occupant monitoring software with Renesas' R-Car X5H, enhancing in-cabin sensing capabilities for software-defined vehicles [1] Group 1: Company Developments - Smart Eye is recognized as a global leader in Driver Monitoring Systems (DMS) and Interior Sensing AI [1] - The integration with Renesas' multi-domain compute platform aims to enable faster launches and simpler system design for automotive applications [1] Group 2: Product and Technology - The driver and occupant monitoring software from Smart Eye is now pre-integrated on Renesas' flagship system-on-chip (SoC) of the R-Car Gen 5 family [1] - The integration meets ASIL-grade standards, which is crucial for safety in automotive applications [1]
Smart Eye and Airy3D to Demonstrate Single-Sensor 3D Solution for In-Cabin Monitoring at CES 2026
Accessnewswire· 2026-01-06 16:30
GOTHENBURG, SWEDEN and MONTREAL, QC / ACCESS Newswire / January 6, 2026 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) - Live CES demo shows how 3D depth from a single image sensor can support robust adaptive restraints for passive safety. Smart Eye and Airy3D today announced a joint in-cabin monitoring demonstration that will be showcased at CES 2026, at the Smart Eye booth. ...
Cerence AI to Participate in 28th Annual Needham Growth Conference
Globenewswire· 2026-01-06 13:00
Core Insights - Cerence Inc. will participate in the 28th Annual Needham Growth Conference in New York City [1] - The presentation will be led by President and CEO Brian Krzanich and CFO Tony Rodriquez on January 13 at 8:45 am ET, with a live webcast available [2] - One-on-one meetings with investors will be conducted throughout the day, with scheduling options available through Needham representatives or Cerence AI Investor Relations [3] Company Overview - Cerence Inc. is a global leader in creating AI-powered user experiences in the automotive and transportation sectors [4] - The company has shipped over 525 million cars equipped with its technology, partnering with leading automakers and technology firms [4] - Cerence is headquartered in Burlington, Massachusetts, and focuses on advancing AI innovation for safer and more enjoyable journeys [4]
Garmin teams up with Qualcomm to deliver Nexus automotive-grade multi-domain computing platform
Prnewswire· 2026-01-06 11:57
Core Insights - Garmin has announced the expansion of its automotive technology collaboration with Qualcomm, introducing the Nexus High-Performance Compute (HPC) platform, which offers up to 6X greater computing power compared to previous models [1][2] Group 1: Product Features and Capabilities - The Nexus HPC platform is designed to consolidate multiple vehicle domains, including in-vehicle infotainment, instrument clusters, and Advanced Driver Assistance Systems (ADAS), into a single system for enhanced efficiency [1] - The Snapdragon Elite platform enables ADAS features and is customizable, compliant with ASIL standards, and supports advanced functionalities such as localization, perception, vehicle control, and mapping [1] - The new platform incorporates a Garmin-engineered liquid-cooling solution to maintain high performance during sustained high-load operations [2] Group 2: Historical Context and Collaboration - Garmin and Qualcomm have collaborated since 2019, initially focusing on domain controllers, and have since developed the Garmin Unified Cabin based on the Snapdragon Cockpit Platform [4] - The partnership has evolved to include digital cockpit solutions, showcasing advanced features through the integration of various peripherals and displays, creating a multi-zone, multi-user architecture within vehicles [4] Group 3: Market Presence and Clientele - Garmin Automotive OEM leverages its expertise in user experience and hardware design across automotive, avionics, and marine sectors to develop comprehensive infotainment and domain controller solutions [6] - The company has established a diverse manufacturing presence globally, supporting a wide range of in-vehicle electronic strategies for major automobile manufacturers, including BMW, Ford, Honda, and Toyota [6]