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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]
TomTom partners with SoundHound AI to bring multi-agent AI voice navigation to CES 2026
Globenewswire· 2026-01-06 08:29
Core Insights - TomTom and SoundHound AI have formed a partnership to create an integrated in-car AI voice and navigation experience, combining TomTom's navigation technology with SoundHound's voice AI platform [1][4] Group 1: Partnership Overview - The collaboration aims to deliver a seamless, intelligent assistant for drivers, enhancing the in-car experience through advanced voice interaction and navigation capabilities [1][2] - The solution allows users to engage in natural conversations for navigation tasks, such as place recommendations and route planning, while minimizing visual distractions [2][3] Group 2: Benefits for Automotive OEMs - Automotive OEMs will benefit from a pre-integrated solution that combines TomTom's navigation expertise with SoundHound's voice AI technology, reducing time-to-market and eliminating the need for ongoing development [3] - The architecture provides OEMs with greater brand control and modularity, allowing for innovation while delivering a premium voice and navigation experience [3][4] Group 3: Product Features - The TomTom AI Agent features proactive route intelligence that continuously evaluates traffic and hazards, offering real-time suggestions [2] - The solution is tailored for electric vehicle (EV) drivers, factoring in charging preferences and amenities to ensure efficient and personalized journeys [2] Group 4: Industry Impact - The collaboration is set to be showcased at CES 2026, highlighting intelligent navigation, EV routing, proactive hazard alerts, and lane-level guidance, establishing a new benchmark for voice technology in vehicles [4]
TomTom partners with SoundHound AI to bring multi-agent AI voice navigation to CES 2026
Globenewswire· 2026-01-06 08:29
Core Insights - TomTom and SoundHound AI have announced a partnership to create a unified in-car AI voice and navigation experience, integrating TomTom's AI Agent with SoundHound's voice AI platform [1][4] Group 1: Partnership Overview - The collaboration aims to deliver a natural, conversational voice interface that simplifies navigation tasks, allowing users to request place recommendations, search for charging stations, and plan multi-waypoint routes [2] - The solution features a multi-agent architecture that integrates navigation with other in-car systems like music and HVAC, reducing visual distractions for drivers [2] Group 2: Benefits for Automotive OEMs - Automotive OEMs will benefit from a pre-integrated solution that combines TomTom's navigation expertise with SoundHound's voice AI technology, reducing time-to-market and eliminating the need for ongoing use case development [3] - The architecture provides OEMs with greater brand control and modularity, enabling innovation while offering a premium voice and navigation experience [3] Group 3: Product Showcase - At CES 2026, TomTom will showcase the collaboration with SoundHound AI, highlighting features such as intelligent navigation, EV routing, proactive hazard alerts, and lane-level guidance [4]
Mobileye shares rise on chip supply deal with major US automaker
Proactiveinvestors NA· 2026-01-05 16:07
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the company includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Utilization - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain best practices in content production and search engine optimization [5]