![]() Drivers across China will soon be able to access a new software- and AI-defined safety where we can help avoid accidents, save lives and make riding and driving more enjoyable," said Andersson. "ECARX is an innovative tech company with a strong presence in China. "The time has come to take top-end AD and ADAS services to more Chinese consumers," said Odgard Andersson, chief executive at Zenseact. Russell, Luminars CEO, told Reuters that the California-based startup will be investing 15 million in ECARX in a bid to break into the Chinese car market and tap customers such as Geely. It is also working with LiDAR technology firm Luminar to commercialise a complete autonomous driving solution. On July 22, Ecarx, an auto startup co-founded by Eric Li, founder of Chinas private automaker Geely. The strategic investment allows Zenseact to capitalise on the accelerating demand for AD systems in China. Luminar Inks Deal with Geely-affiliated Ecarx. Zenseact's first delivery will be technology for next-generation Volvo and Polestar cars, such as active safety features and an unsupervised autonomous driving function for highways. "The investment strengthens our footprint in China and gives Zenseact a clear way to grow more quickly," said Samuelsson. "Zenseact is a pioneer in self-driving technology, and this strategic investment from ECARX enables us to scale up quicker in China," said Hakan Samuelsson, chief executive of Volvo and chairman of the board at Zenseact. Volvo said the move will strengthen Zenseact's presence in China, the world's largest automotive market, allowing it to accelerate technology deployment in the country. Financial terms of ECARX's investment in Zenseact have not been disclosed.īuilding on Zenseact's global software platform, the companies also plan to collaborate on autonomous driving for the Chinese market, said Volvo. ![]() Swedish carmaker Volvo Cars said on Wednesday that its autonomous driving software development subsidiary Zenseact has received a strategic investment by ECARX, a Chinese provider of connected car technology.ĮCARX will take a 15 percent share in Zenseact and make a strategic investment in the company's continued development of autonomous driving and safety technologies. An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom in Brussels, Belgium, May 28, 2020.
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