Mobility in Harmony (MIH) Consortium, a Foxconn initiative, Selects BlackBerry IVY to Power its Next-Generation Electric Production Vehicles
- None.
- None.
Insights
The selection of BlackBerry IVY by the Mobility in Harmony (MIH) Consortium signifies a strategic move within the automotive industry to integrate advanced software solutions into electric vehicles (EVs). The IVY platform's role as a middleware software allows for seamless data integration and application deployment, which is critical in the rapidly evolving EV market. The partnership between MIH and BlackBerry is poised to enhance vehicle connectivity and provide a competitive edge by offering an open ecosystem for innovation.
From a technology perspective, the utilization of AI-generated insights for fleet management represents a significant advancement in operational efficiency. This technology enables predictive maintenance, which can reduce vehicle downtime and extend the lifespan of EVs. The ability to offer these services 'out of the box' suggests a reduction in the total cost of ownership for fleet operators, which could lead to increased adoption rates of MIH's EV platforms.
The collaboration between MIH and BlackBerry could have a material impact on BlackBerry's financial performance. As IVY is adopted across MIH's EV platforms, it may lead to increased revenue streams for BlackBerry, particularly if the partnership results in the widespread adoption of IVY in the EV marketplace. Furthermore, the ability to offer advanced connected services could become a key differentiator for MIH, potentially affecting the company's market share and profitability in the EV sector.
Investors should monitor the adoption rate of the MIH platform and the associated financial metrics such as revenue growth and margin improvement. The success of this partnership may also influence investor sentiment towards BlackBerry, potentially affecting its stock valuation.
The announcement comes at a time when the demand for connected services in EVs is growing. Market research indicates an increasing consumer expectation for vehicles to offer advanced features such as real-time health monitoring, driver scoring and enhanced cybersecurity. By leveraging BlackBerry IVY, MIH is addressing these market demands and setting a benchmark for connected vehicle services.
Moreover, the demonstration of these capabilities at a high-profile event like CES is likely to generate significant industry and consumer interest. The visibility gained could drive early adoption and establish MIH and BlackBerry as leaders in the EV connected services space. It will be important to track how this influences consumer preferences and the competitive landscape in the EV industry.
BlackBerry IVY to serve as the middleware software platform powering the alliance's EV connected services
Deploying IVY™ in its vehicle digital cockpit will help MIH's vehicles with a rich suite of applications for real time monitoring of the vehicle's health and performance. This will offer fleet operators and drivers intuitive insights for effectively managing operations, improving driver safety, lowering business risk and optimizing asset utilization.
"We are extremely excited by this collaboration with BlackBerry IVY as it will provide our electric vehicle platform with scale and the ability to accelerate development and innovation for EV and mobility marketplaces. IVY gives us the middleware foundation to realize our vision of an open ecosystem where we can continuously provide new experiences and services over the lifecycle of the vehicle. IVY allows us to offer 'out of the box' fleet management capabilities in our vehicles, powered by AI-generated fleet insights. These solutions extend well beyond traditional telematics data, eliminate the need for unreliable and costly companion devices and increase vehicles' operational efficiency in a very cost-effective manner," said Jack Cheng, CEO at MIH.
Vito Giallorenzo, SVP and General Manager, BlackBerry IVY, commented, "We are very pleased that MIH has selected BlackBerry IVY platform to power its electric vehicle platform. This announcement is the continuation of a valued collaboration with MIH that started with our core QNX solution for their foundational software and is now extending to leveraging IVY to enable their connected services ecosystem. We look forward to working with the MIH consortium and ecosystem to add rich services to the MIH platform and the broader EV and mobility marketplace."
The MIH platform, powered by BlackBerry IVY, will be demonstrated at the MIH (LVCC West, #7216) and BlackBerry (LVCC West, #4224) booths at the 2024 Consumer Electronics Show (CES). On display, visitors will see:
- Vehicle Health Monitoring: Helps ensure each vehicle operates at its best condition, with diagnostics that predict, detect, and notify any maintenance needs.
- Range/SOC (State of Charge)/SOH (State of Health) Estimation: Helps provide drivers and fleet operators with accurate battery and range information, enabling better routing optimization, energy management, and longer vehicle life.
- Driver Scoring: Evaluates driving behaviors and patterns to encourage safer driving habits and reduce the fleet operator's risk and costs.
- Vehicle Security Analysis: Utilizes advanced cybersecurity measures to assess vehicle cybersecurity strength, protect against threats, and ensure the integrity of vehicle operations.
About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 235M vehicles. Based in
For more information, visit BlackBerry.com and follow @BlackBerry.
Trademarks, including but not limited to BLACKBERRY and EMBLEM Design, are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.
About MIH Consortium
Hon Hai Technology Group (Foxconn), a global leader in smart manufacturing, introduced MIH, its software and hardware open platform for EVs, in 2020 and initiated the formation of the MIH Consortium in 2021. Foxconn aims to position MIH as the "Android system of the EV industry." Foxconn is inviting automakers, manufacturers, and supply chain partners to join the MIH to collaborate. MIH's mission is to lower barriers to entry into the EV industry, accelerate innovation, and shorten development cycles by realizing key technologies and developing reference designs and standards. Currently, the MIH has more than 2,700 members.
For More: https://www.mih-ev.org/
Media Contacts:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com
MIH Media Relations
Iris Chan, PR Manager
iris.chan@mih-ev.org
View original content to download multimedia:https://www.prnewswire.com/news-releases/mobility-in-harmony-mih-consortium-a-foxconn-initiative-selects-blackberry-ivy-to-power-its-next-generation-electric-production-vehicles-302028544.html
SOURCE BlackBerry Limited
FAQ
What is the collaboration between BlackBerry and MIH Consortium about?
What are the benefits of deploying IVY™ in vehicle digital cockpits?
What will be demonstrated at the 2024 Consumer Electronics Show (CES) by MIH and BlackBerry?
