<div>
 <ul>
 <li>
 
 Tech company NVIDIA has partnered with Chery Automobile, a Chinese car manufacturer, to develop a new intelligent driving platform based on NVIDIA's &ldquo;DRIVE Thor&rdquo; centralized car computing technology, starting with Chery's high-end vehicle models.
 
 </li>
 <li>
 
 The DRIVE Thor chip will be incorporated into future Chery models to bring advanced AI capabilities to the driving experience.
 
 </li>
 <li>
 
 The collaboration marks an upgrade from NVIDIA&rsquo;s existing &ldquo;DRIVE Orin&rdquo; platform, currently utilized in Chery's latest model, the &ldquo;EXEED STERRA ET,&rdquo; which offers features such as automated driving assistance and intelligent parking.
 
 </li>
 <li>
 
 Analyst QuickTake:
 NVIDIA's Drive Thor chip introduced 
 <a href="https://sp-edge.com/updates/13215">
 in September 2022
 </a>
 is anticipated to power a range of next-generation vehicles, including robotaxis, autonomous delivery vehicles (ADVs), and long-haul trucks. ADV developer 
 <a href="https://sp-edge.com/companies/454812">
 Nuro
 </a>
 and autonomous truck manufacturer 
 <a href="https://sp-edge.com/companies/1410679">
 Waabi
 </a>
 have already integrated Drive Thor into their driving systems. Other Chinese automakers like 
 <a href="https://www.teslarati.com/nvida-drive-thor-chip-autonomous-vehicles/">
 BYD, Li Motors, and Xpeng
 </a>
 also plan to incorporate Drive Thor into their upcoming vehicle models, highlighting the chip's broad adoption and pivotal role in advancing autonomous transportation technologies.
 
 </li>
 </ul>
 
 
</div>

<div>
 
 <a href="https://autonews.gasgoo.com/china_news/70032725.html">
 Gasgoo
 </a>
 
</div>

Auto Tech

ANALYST_QUICK_TAKE

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 NVIDIA, a tech company, has established a partnership with Chery Automobile, a Chinese car manufacturing giant, to create an intelligent driving platform. This platform will be based on NVIDIA's "DRIVE Thor," a centralized car computing technology, and will be initially employed in Chery's high-end vehicle models.
 The advanced AI capabilities of DRIVE Thor chip will be integrated into the future models of Chery to enhance the driving experience.
 Notably, this collaboration is an advancement from NVIDIA’s existing "DRIVE Orin" platform, utilized in Chery's latest model, "EXEED STERRA ET." This model offers features like automated driving assistance and intelligent parking.
 
</div> Analyst QuickTake: 
 NVIDIA's Drive Thor chip introduced <a href="https: 
//sp-edge.com/updates/13215"> in September 2022 </a> is anticipated to power a range of next-generation vehicles, including robotaxis, autonomous delivery vehicles (ADVs), and long-haul trucks. ADV developer <a href="https: 
//sp-edge.com/companies/454812"> Nuro </a> and autonomous truck manufacturer <a href="https: 
//sp-edge.com/companies/1410679"> Waabi </a> have already integrated Drive Thor into their driving systems. Other Chinese automakers like <a href="https: 
//www.teslarati.com/nvida-drive-thor-chip-autonomous-vehicles/"> BYD, Li Motors, and Xpeng </a> also plan to incorporate Drive Thor into their upcoming vehicle models, highlighting the chip's broad adoption and pivotal role in advancing autonomous transportation technologies.

NVIDIA to offer 'Drive Thor' platform to Chery to develop intelligent driving functions

<div>
 California is considering a bill, AB1777, to introduce new regulations for autonomous vehicles (AVs). These requirements include an emergency telephone line for first responders, installing two-way communication devices in every AV, and enabling officials to control AVs using geofencing in emergency situations.
 The legislation would also obligate AV manufacturers to report collisions within five days and address current issues with citing driverless cars for traffic violations.
 The proposed bill if passed will grant the state the power to place conditions on AV usage based on several factors like location, timing, type of road, speed limit, and weather after evaluating previous violations and crashes.&nbsp;
 Another relevant bill, SB915, stipulates the need for local jurisdictions to enforce their own rules on AVs, such as requiring permits, setting vehicle limits, and determining operating hours before AVs can run in their areas.
 
</div> Analyst QuickTake: 
 Public sentiment towards AVs in California is deteriorating, highlighted by vandalism and protests. For instance, a Waymo vehicle was recently <a href="https: 
//www.cnbc.com/2024/02/11/crowd-sets-waymo-self-driving-car-ablaze-in-san-francisco.html"> attacked and set on fire. </a> Additionally, GM Cruise reintroduced self-driving vehicles with safety drivers <a href="https: 
//sp-edge.com/updates/28329"> earlier this month </a> in Phoenix, after its license was suspended in California <a href="https: 
//sp-edge.com/updates/23027"> in October 2023 </a> due to safety concerns and misrepresentation of safety data by the company, which subsequently led to the <a href="https: 
//sp-edge.com/updates/23186"> withdrawal of its robotaxi operations </a> nationwide.

California regulators propose bill to restrict AV operations within state

<div>
 Pony.ai, a Chinese autonomous driving startup backed by Toyota and Nio Capital, has been approved by the China Securities Regulatory Commission (CSRC) for a US stock market debut. Pony.ai plans to list 98.2 million shares either on the Nasdaq or the New York Stock Exchange.
 This approval comes after the CSRC's recent decision to support overseas listings for Chinese tech companies, making it easier for them to secure financing. This represents a key change in policy from the restrictive approach taken in recent years.
</div> Analyst QuickTake: 
 Pony.ai, established in 2016, operates R&amp;D centers across several locations, including Silicon Valley and major Chinese cities. The company also runs local robotaxi services in China. Furthermore, recently, Pony.ai also received <a href="https: 
//sp-edge.com/updates/23028"> USD 100 million </a> from Saudi Arabia's Neom. The company also plans to develop a joint venture in Saudi Arabia and expand with a new <a href="https: 
//sp-edge.com/updates/27379"> R&amp;D center in Luxembourg. </a>

Pony.ai gets approval from Chinese securities for US IPO

<div>
 Luminar Technologies, a LiDAR sensor manufacturer, has collaborated with Applied Intuition, a vehicle software supplier, to create advanced driver-assistance systems and autonomous driving technologies. Their initial product offering includes validated sensor models of Luminar LiDARs for testing in Applied Intuition's sensor simulator.
 This tool allows simulation of real-world scenarios, enhancing safety measures and decreasing testing expenses. Other features incorporated are sensor model validation by Luminar, efficient cloud simulation test running and performance assessment.
 Both companies are aiming to soon provide validated sensor models of Luminar LiDARs, "Iris" and "Iris+". Expected to be released in the future is Luminar's latest LiDAR sensor, the "Halo", a compact, affordable solution ideal for vehicles like low-cost cars.
 Luminar has also begun production and delivery of automotive-grade LiDAR sensors for Volvo Cars. This marks a major breakthrough as the Volvo EX90 is the first consumer vehicle to standardize this technology.
</div>

Luminar Technologies partners with Applied Intuition for LiDAR simulation; unveils compact LiDAR version ‘Halo'; starts shipping LiDAR for Volvo

<div>
 Helm.ai, a company specializing in the development of advanced driver-assistance systems (ADAS) software, autonomous driving software, and robotics, has announced the release of a new high-quality virtual scenario generation model. This model, which is based on neural networks, is designed with the goal of improving AI software for the development of ADAS and autonomous driving systems.
 Helm.ai's revolutionary technology can create virtual driving scenarios that feature a wide range of conditions, such as various weather and lighting situations, and different geographical environments. Furthermore, it includes detailed road features, which facilitate the training and validation of AI systems in handling rare or uncommon driving scenarios.
 This technology has the additional advantage of flexibility. Users are able to input either text or images to generate specific driving scenes to use in testing and development. This feature greatly enhances the efficiency and scalability of the training of perception software, which is key for autonomous vehicles.
 
</div> Analyst QuickTake: 
 Helm.ai has enhanced its product offerings with new features. The company also introduced <a href="https: 
//sp-edge.com/updates/25060"> Deep Neural Network (DNN)-based foundation models </a> in December 2023 to predict vehicular and pedestrian behaviors and to anticipate autonomous vehicle paths.

Helm.ai launches high-fiidelity virtual scenario generation models for perception simulation

<div>
 China-based autonomous driving technology firm, Momenta, is collaborating with automotive tech company, Qualcomm, to introduce a suite of scalable solutions for improved driver assistance systems (ADAS) and autonomous driving functions. These solutions incorporate Momenta's "One flywheel" technology and Qualcomm's latest Snapdragon Ride platform, supporting various scenarios such as highway and urban navigation. The plan is to implement these solutions in vehicle models later in the year.
 In addition to this, Momenta and Qualcomm are planning additional developments through the newest Snapdragon technology, aiming to enhance the integration of in-cabin and driving functions.
</div> Analyst QuickTake: 
 This partnership will help accelerate the development of in-vehicle systems and highly automated driving functions to improve the driving experience, emphasizing safety and innovation in the automotive industry. Qualcomm has been partnering with automakers, including <a href="https: 
//sp-edge.com/updates/21544"> BMW </a> and <a href="https: 
//sp-edge.com/updates/20653"> Hyundai </a> , for similar purposes.

Momenta and Qualcomm partner to create scalable intelligent driving solutions for ADAS and autonomous driving functions

<div>
 Waymo, Alphabet's autonomous car development firm, has begun trials of its self-driving taxis in Atlanta, Georgia. This is the most recent city where they have rolled out their testing. The initial trial involves vehicles being manually operated to aid in mapping and familiarizing with the area. The goal is to eventually manage robotaxis without human safety drivers.
 Although Georgia has lenient regulations towards autonomous vehicles, allowing the rollout of completely driverless cars, there has been no confirmation from Waymo regarding plans for a commercial launch in Atlanta or elsewhere.
</div> Analyst QuickTake: 
 Recently, Waymo expanded its operations, including launching paid services in <a href="https: 
//sp-edge.com/updates/28327"> Los Angeles </a> and extending its commercial service in <a href="https: 
//sp-edge.com/updates/27179"> San Francisco. </a> The company has also initiated driverless rides for employees in <a href="https: 
//sp-edge.com/updates/27272"> Austin, </a> with plans to offer services to the public later. Waymo has a history of more cautious expansion but has also faced issues such as <a href="https: 
//sp-edge.com/updates/26569"> software recalls </a> and <a href="https: 
//sp-edge.com/updates/26435"> accidents </a> involving its vehicles.

Waymo starts testing autonomous vehicles in Atlanta

<div>
 New automotive cybersecurity regulations are coming into effect in the EU from July 2024. This move aims to combat increasing security risks in modern connected vehicles, particularly electric vehicles (EVs). This will mandate stricter electronic safety standards for car manufacturers, leading to significant changes in car production and potentially phasing out older models that do not conform to these new standards.
 Car manufacturers are responding by discontinuing models that would require expensive updates to comply. For example, Volkswagen is stopping production of certain models such as the Up compact car and the Transporter T6.1 van. This decision is due to the high costs associated with updating electronic systems to meet the new cybersecurity regulations.
 Responses from the automotive industry have been varied. Some brands like Mercedes-Benz state readiness and adherence to the new standards. However, others are facing significant challenges and expenses, leading to a reduction in the availability of certain models.&nbsp;
 
</div> Analyst QuickTake: 
 The growing integration of software and electronics in vehicles underscores the escalating cybersecurity risks. Recent incidents have shown vulnerabilities within the industry, such as 1) security researchers pointing out cybersecurity vulnerabilities in <a href="https: 
//sp-edge.com/companies/1692"> Tesla </a> cars in <a href="https: 
//sp-edge.com/updates/27447"> March 2024 </a> and <a href="https: 
//sp-edge.com/updates/20713"> August </a> and <a href="https: 
//sp-edge.com/updates/17343"> March </a> 2023 and 2) identification of <a href="https: 
//sp-edge.com/updates/15636"> cybersecurity vulnerability </a> in digital license plates company <a href="https: 
//sp-edge.com/companies/587741"> Reviver’s </a> product in <a href="https: 
//sp-edge.com/updates/15636"> January 2023. </a> This shift emphasizes the importance of robust cybersecurity measures in safeguarding the industry and consumers.

EU to introduce new regulations for connected vehicle cybersecurity

<div>
 An Irish radar developer, Provizio, has formed a partnership with Mergon, an international Tier 1 and Tier 2 automotive supplier, to upscale the manufacture of its "Provizio VizioR&amp;I" imaging radar series.
 With AI and machine learning for object categorization, viewing distance, trajectory, and open driving area, Mergon will aid in design, development and manufacturing of the radar units. With an impressive range of over 550 meters, this leading-edge technology shows promise for employability within autonomous trucking and various other automotive and industrial fields. 
</div>

Provizio partners with Mergon to scale production of 4D imaging radar technology

<div>
 Wayve, a British tech startup specializing in autonomous driving, is setting up a new R&amp;D center in Vancouver, Canada. This marks their second facility in North America and third globally, with existing offices in London, UK, and Mountain View, California.
 The company's expansion aims to extend its reach and enhance accessibility to proficient professionals.
 Vancouver was chosen due to its budding status as a tech hub, strengthened by its closeness to Seattle and the establishment of major tech corporations like Microsoft and Amazon. Plus, Vancouver's favorable immigration policies and an encouraging environment for AI and innovation were significant in dictating this choice.
 
</div> Analyst QuickTake: 
 Wayve's technology uses AI to autonomously learn driving rules and behaviors instead of being pre-programmed, enhancing its adaptability to new environments and unpredictable situations. The company has trialed the tech in partnership with British grocery retailer <a href="https: 
//sp-edge.com/updates/17735"> Asda </a> and online grocer <a href="https: 
//sp-edge.com/updates/5854"> Ocado. </a>

All Updates