Eyeing Continued Global Expansion, BYD Selects Cerence to Power Conversational AI Across its EV Lineup

Rhea-AI Summary

Cerence Inc. (NASDAQ: CRNC) has partnered with BYD, a leading electric vehicle manufacturer, to integrate Cerence’s conversational AI into BYD's vehicles globally. This collaboration aims to enhance in-car experiences with voice-powered features and multi-language support, starting with select models. BYD's expansion into markets like Brazil and Thailand underscores its commitment to offering safe, enjoyable electric driving experiences. Cerence's CEO emphasized the market need for unique in-car systems to bolster OEM-customer connections.

Positive

• Partnership with BYD enhances Cerence's market presence in the growing electric vehicle sector.
• Deployment of Cerence Assistant improves user experience through voice-powered engagements.
• BYD's global expansion into Brazil and Thailand boosts Cerence's potential reach.

Negative

• None.

BURLINGTON, Mass., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that BYD, the leading OEM in global new energy vehicles sales, will deploy Cerence’s conversational AI in BYD electric vehicles worldwide.

With a top ranking in global EV sales from January to November 2022, BYD has a broad and widening global footprint as evident through its recent expansions into Brazil and Thailand. By deploying Cerence Assistant, BYD will provide drivers and passengers with an unprecedented in-car experience, enabling voice-powered engagements while integrating their favorite applications directly into the connected cabin. Initial models will include multi language capabilities, with additional languages to be rolled out in the near future.

In a prepared statement, BYD explained, “As we continue to drive forward our strategic global expansion, it’s paramount to provide consumers an electric option that delivers the safest and most enjoyable in-car experience. By bringing Cerence into our architecture, we can differentiate our brand flexibly, securely and confidently while positioning the vehicle as a central piece of our customers’ connected lives. We are paving the way to the future through our inventive approach and partnership. This is crucial to advance our vision.”

Consumers’ digital lives are complex and ever-changing, creating a multi-faceted, multi-device and multi-platform ecosystem of data, applications and infrastructure. By leveraging both onboard vehicle data and cloud applications, Cerence Assistant gives OEMs and Tier 1 suppliers the flexibility to integrate real-time insights from critical sources to generate the most personalized and advanced engagements with drivers and passengers.

“We understand what automakers are up against when it comes to creating unique in-car systems that build brand loyalty while still enabling access to the services and applications consumers want and need,” said Stefan Ortmanns, CEO, Cerence. “We fill a market need with our hybrid-cloud AI assistant working with EV leaders like BYD to bring consumers the safest, most intuitive experiences on the road, while helping to deepen the OEM-customer relationship.”

For more information about BYD, visit https://www.byd.com/eu. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.

About Cerence Inc.
Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their vehicles, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 450 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or two-wheelers, Cerence is mapping the road ahead. For more information, visit www.cerence.com.  

Contact Information

Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

FAQ

What is the significance of Cerence's partnership with BYD?

Cerence's partnership with BYD is significant as it integrates advanced conversational AI technology into BYD's electric vehicles, enhancing the user experience.

Which markets is BYD expanding into with Cerence's technology?

BYD is expanding into new markets, including Brazil and Thailand, utilizing Cerence's conversational AI technology in its vehicles.

What does Cerence's conversational AI offer to BYD drivers?

Cerence's conversational AI offers BYD drivers an enhanced in-car experience with voice-powered engagement and multi-language capabilities.

How does the partnership affect Cerence's stock performance?

The partnership with BYD potentially boosts Cerence's stock performance by increasing its presence in the fast-growing electric vehicle market.