Leapmotor and Ambarella Announce Strategic Cooperation Agreement for Powerful Advanced Intelligent Driving Development
Leapmotor and Ambarella have announced a strategic cooperation agreement aimed at enhancing intelligent driving technology for electric vehicles. Leapmotor will integrate Ambarella's CV3-AD automotive AI domain controller SoCs into its new passenger vehicles. These advanced SoCs are built on 5nm technology, support ASIL-B/D safety standards, and provide high-performance AI capabilities with low power consumption. The partnership aims to create superior, affordable intelligent driving experiences globally. Leapmotor's founder highlighted the synergy of technology and intelligence in their products, while Ambarella emphasized the importance of high AI performance and low power consumption in modern electric vehicles.
- Leapmotor to integrate advanced CV3-AD SoCs from Ambarella.
- CV3-AD SoCs support ASIL-B/D safety standards and 5nm technology.
- High AI performance with low power consumption.
- Focus on creating affordable and superior intelligent driving experiences.
- Partnership aims to accelerate product intelligence and advanced driving solutions.
- Potential to simplify product design and reduce battery costs.
- No immediate financial gains reported from the strategic cooperation.
- Implementation and technical verification phase may delay product rollout.
- Reliance on a single supplier for AI domain controllers poses a risk.
- Integration of new technology may involve high initial costs.
Insights
Ambarella's CV3-AD family of SoCs are quite significant in the context of intelligent driving technology. These SoCs leverage a 5nm automotive-grade process technology, which is state-of-the-art and ensures high performance and low power consumption. The integration of AI acceleration and the ability to process raw LiDAR and millimeter-wave radar data centrally can dramatically enhance the vehicle’s environmental sensing and decision-making capabilities.
From a technology standpoint, this strategic partnership indicates a robust integration of advanced AI technologies in Leapmotor's vehicles. The use of Ambarella’s SoCs could potentially position Leapmotor ahead in the competitive intelligent EV market. However, the true impact of this cooperation will be seen in the actual performance and market reception of these vehicles.
The partnership between Leapmotor and Ambarella could have significant implications for the intelligent electric vehicle market. Leapmotor's commitment to using Ambarella's cutting-edge AI SoCs suggests a strong focus on innovation and improved user experience. This move could attract tech-savvy consumers who prioritize advanced safety and driving features in their vehicles.
Market expansion plans mentioned in the strategic cooperation indicate that Leapmotor is not just focusing on the local market but is looking at a global market expansion. This could enhance Leapmotor’s brand presence internationally and potentially increase its market share in the rapidly growing EV sector.
However, investors should keep an eye on the execution of these plans and whether Leapmotor can effectively integrate these advanced technologies into their vehicles without significant delays or cost overruns.
HANGZHOU, China and SANTA CLARA, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- Leapmotor (HKEX: 09863), a technology-driven intelligent electric vehicle company with a full suite of R&D capabilities, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, recently signed a strategic cooperation agreement. The two companies will focus on creating a first-class intelligent driving experience for the global new energy vehicle market.
As part of this cooperation agreement, Leapmotor committed to creating an advanced intelligent driving solution based on Ambarella’s powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs). Leapmotor will work to achieve the technical verification and installation of the CV3-AD SoCs on new passenger-vehicle models, further providing users with an affordable and superior intelligent electric vehicle.
Ambarella’s CV3-AD is a family of scalable, high-performance and low-power AI domain control SoCs based on a 5nm automotive-grade process technology. Additionally, they comply with ASIL-B/D functional safety standards. Not only do these SoCs support a wide variety of centrally processed environmental sensing suites, but they also integrate a high-quality image signal processor for ultra-low latency, low noise and high dynamic range images in both computer vision and human viewing. The CV3-AD SoC family also provides hardware AI acceleration and centralized fusion of raw LiDAR and millimeter-wave radar data, while leaving ample AI and compute performance for additional algorithm design and deployment. Working closely with the Ambarella team, Leapmotor confirmed the specifications, performance and reliability of the CV3-AD SoCs, and highly affirmed Ambarella’s exceptional support and cooperation.
Photo Caption: The strategic cooperation agreement signing ceremony included the following executives, with Leapmotor on the left: Jiangming Zhu, founder, chairman and CEO (standing); and Yaonong Wang, general manager of the intelligent driving product line (seated). And Ambarella on the right: Fermi Wang, president, CEO and chairman (standing); Michael Chen, vice president of global business development (seated).
“Leapmotor’s product focus is on technology and intelligence, to provide the best value-for-money with superior intelligent vehicle electrification. Leapmotor's products will be in the first echelon of the industry, in terms of intelligent driving in the future,” said Jiangming Zhu. “We believe that this strategic cooperation between Leapmotor and Ambarella will bring strong empowerment to Leapmotor’s advanced intelligent driving solutions, accelerate the upgrading and iteration of product intelligence, and create safer and more practical advanced intelligent driving functions.”
“We are honored to establish this strategic partnership with Leapmotor. With the acceleration of advanced intelligent driving functions, carmakers and Tier 1 companies need solutions with higher AI performance, lower power consumption and comprehensive support for advanced algorithms across all vehicle segments,” said Fermi Wang. “Our CV3-AD family of SoCs can demonstrate its proven performance in mainstream advanced intelligent driving systems, while its low-power architecture helps carmakers further simplify product design, which is essential to improving the range of electric vehicles and reducing battery costs.”
In the future, Leapmotor and Ambarella plan to continue exploring more possibilities for intelligent driving technology cooperation, including jointly addressing challenges, actively expanding the global market, and bringing higher-value intelligent driving solutions to global users.
About Leapmotor
Leapmotor is an NEV company based in China that possesses full-suite independent R&D capabilities in NEV’s core technologies. The Company develops, manufactures, and sells NEVs, and at the same time develops and produces EIC core components and provides vehicle internet solutions based on cloud computing. With an aim to maximize user value, it strives to provide products and services which deliver superior experience beyond expectation. Leapmotor launched the “dual-model layout of battery electric + extended range” in 2023. It has currently mass produced four electric vehicles, including smart BEV T03, best-in-class smart electric SUV C11 and deluxe smart electric sedan C01 and first global strategic model C10 and three super extended-range versions of C11, C01 and C10 for sale. In 2023, Leapmotor delivered 144,155 units. As an icon of China’s emerging NEV manufacturers, Leapmotor is opening up more possibilities for future travel with continuous efforts in technological innovation. For further information, please visit en.leapmotor.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.
Leapmotor Media Contacts
- Michael Wu, Michael_wu@leapmotor.com, +86 1951-890-1971
- Wilson Dong, Wilson.dong@leapmotor.com, +86 1955-717-0682
Ambarella 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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/af12493e-e8ef-4edc-a55d-58e752d82df6
FAQ
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