SANY Group and Ambarella Announce Strategic Cooperation to Accelerate Implementation of CV3-AD Domain Controller-Based Intelligent Driving Systems
- SANY Group partners with Ambarella to utilize CV3-AD family of automotive AI domain controller SoCs for automated driving solutions
- Collaboration includes joint development of high-performance automated driving solutions for commercial vehicles
- Goal to achieve start-of-production for collaborative vehicle model by 2025
- Ambarella's AI SoCs offer low power consumption, high performance, and outstanding image processing capabilities
- Strategic alignment between SANY Group and Ambarella in digitalization and decarbonization
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The strategic partnership between SANY Group and Ambarella marks a significant step in the commercial vehicle industry's shift towards automation and AI-driven solutions. The collaboration aims to integrate Ambarella's CV3-AD SoCs into SANY's next-generation vehicles, which could potentially enhance the performance and efficiency of these vehicles. This move is particularly noteworthy as the demand for advanced automated driving solutions is expected to increase, driven by the need for safer, more efficient and less labor-intensive operations.
From a market perspective, this partnership could position both companies at the forefront of a rapidly growing segment. Ambarella's expertise in low-power, high-performance AI chips could give SANY an edge over competitors in the commercial vehicle space. Moreover, the focus on decarbonization aligns with global trends towards sustainability, which could open up new market opportunities and potentially increase the appeal of SANY's offerings to environmentally conscious consumers and businesses.
The announcement may also signal to investors that both companies are committed to innovation and market leadership in the intelligent driving space, which could influence stock valuations. However, the actual impact on the stock market would largely depend on the successful implementation and market acceptance of the technologies developed through this partnership.
The utilization of Ambarella's CV3-AD SoCs in SANY's commercial and special-purpose vehicles could be a game-changer for the company's product offerings. These SoCs are designed to handle complex AI tasks such as birds-eye-view transformer neural networks and city navigation on autopilot, which could significantly enhance autonomous driving capabilities without relying on high-precision maps. This level of technological advancement could lead to increased safety and operational efficiency in SANY's vehicles.
Furthermore, the collaboration's emphasis on addressing labor shortages through unmanned machine operations could revolutionize the industry, reducing dependence on human operators and potentially lowering costs in the long run. The success of this initiative could set a new industry standard, prompting competitors to follow suit and accelerate the adoption of similar technologies.
However, the long-term benefits of this partnership will hinge on the companies' ability to overcome technical challenges and regulatory hurdles associated with autonomous driving technology. The timeline for start-of-production by 2025 gives a clear indication of the companies' confidence but also presents a tight schedule for development and testing, which will be critical to watch.
The strategic cooperation between SANY and Ambarella aligns with the broader industry shift towards digitalization and decarbonization. By focusing on these areas, the companies are not only addressing current market demands but are also preparing for future regulatory changes that may favor environmentally friendly technologies. The use of Ambarella's low-power SoCs can contribute to the reduction of the overall energy consumption of SANY's vehicles, potentially resulting in lower carbon emissions.
This partnership could also spur innovation in the field of energy-efficient AI solutions for the automotive industry, setting a precedent for other companies to develop environmentally sustainable technologies. The long-term environmental benefits could be substantial if the technology leads to widespread adoption of automated and electric commercial vehicles.
Investors with an interest in sustainability and environmental impact may view this collaboration positively, as it demonstrates SANY's commitment to decarbonization. This could attract investment from funds and individuals that prioritize environmental, social and governance (ESG) criteria in their investment decisions.
CHANGSHA CITY, China and SANTA CLARA, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- SANY Group (SANY), a worldwide leader in the commercial vehicle industry, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, announced a strategic cooperation focused on advanced mobility solutions for the global market.
SANY agreed to leverage Ambarella’s powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs) to develop advanced automated driving solutions, and to achieve technical validation and deployment on its next-gen commercial vehicles and special-purpose vehicles. At the same time, both parties will collaborate on the joint development of high-performance and highly integrated automated driving solutions, as well as jointly promoting them in the market, with the goal of achieving start-of-production for the first collaborative vehicle model by calendar year 2025.
During last week’s meeting to finalize this collaboration, Xiang Wenbo, rotating chairman of SANY Group, and chairman of SANY Heavy Industry, extended a warm welcome to the arrival of Fermi Wang, president and CEO of Ambarella. Wenbo presented SANY’s vigorous implementation of the company’s “globalization, digitalization and decarbonization” strategy, in the face of the immense technology opportunity brought by the combination of the fourth industrial revolution and the third energy revolution. Based on SANY Group’s future development strategy, as well as the explosive development and wide application of artificial intelligence, Wenbo expressed that there are broad prospects for this new SANY-Ambarella cooperation, and he hopes to deepen and expand cooperation further for a mutually successful future.
Xiang Wenbo, Rotating Chairman of SANY Group, and Chairman of SANY Heavy Industry
Wang expressed that Ambarella’s strategic development direction aligns closely with that of SANY Group, particularly in terms of digitalization and decarbonization. He elaborated that Ambarella’s AI SoCs lead the industry with their low power consumption, high performance and outstanding image processing capabilities. With a rich and comprehensive SoC product portfolio, Ambarella has demonstrated its capability across various fields of automotive intelligent driving. For instance, its CV2 SoC family, based on 10nm manufacturing process technology, has shipped over 20 million units. Additionally, the CV3-AD family, based on a 5nm automotive-grade process, can provide industry-leading AI processing performance. For example, the CV3-AD SoCs can support birds-eye-view (BEV) transformer neural networks, which enable precise perception and fusion without high-precision maps, city navigation on autopilot (NOA), planning, control and may other autonomous driving functions, thereby providing strong support for intelligent driving.
Fermi Wang, President and CEO of Ambarella
By incorporating Ambarella’s CV3-AD AI domain control SoCs and leveraging SANY Group’s leading position in the industry, both parties will accelerate the large-scale application of advanced intelligent solutions in commercial vehicles and special-purpose vehicles. This strategic cooperation also aims to address the labor shortages in engineering operations and lead the new trend of unmanned machine operations.
About SANY Group
Founded in 1989, SANY Group has become a multi-national company that is pursuing the vision of building first-class enterprises, fostering first-class talents and making first-class contributions to society. Since its establishment, SANY is striving to build a global brand and become an industry leading equipment manufacturer. For further information, please visit www.sanyglobal.com
About Ambarella
Ambarella’s products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella’s low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com.
Contacts
- Media contact: Eric Lawson, elawson@ambarella.com, +1 480-276-9572
- Investor contact: Louis Gerhardy, lgerhardy@ambarella.com, +1 408-636-2310
- Sales contact: www.ambarella.com/about/contact/inquiries
All brand names, product names, or trademarks belong to their respective holders. Ambarella reserves the right to alter product and service offerings, specifications, and pricing at any time without notice. © 2024 Ambarella. All rights reserved.
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