Suggestions
    Go directly to
      Press Release
      September 29, 2021

      Continental and Horizon Robotics Joint Venture Accelerates the Commercialization of Automotive AI Technology

      • Continental and Horizon Robotics signed a Joint Venture (JV) contract, and JV will be located in Shanghai, China
      • Continental brings its system know-how for Advanced Driver Assistance Systems and Automated Driving plus its global reach and manufacturing strength to the Joint Venture
      • Horizon Robotics continues to focus on Artificial Intelligence processors and algorithms for intelligent driving

      Lindau (Germany)/Shanghai/(China), September 29, 2021. Today technology company Continental, and one of the global leaders in edge Artificial Intelligence (AI) computing platforms Horizon Robotics signed a Joint Venture (JV) contract, focusing on providing hardware and software integrated solutions for Advanced Driver Assistance Systems and automated driving. Continental will be the majority shareholder. They also signed the investment contract with Shanghai Jiading Industrial Zone that the new JV will be located in Jiading District Shanghai. The JV is expected to have around 200 employees. Intelligent driving, facilitated by Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD) capabilities, is a field with big market growth potential and where development speed is of the essence. Therefore, Continental and Horizon Robotics are establishing a Joint Venture to accelerate the development and to commercialize automotive AI technology.

      Continental and Horizon Robotics have been cooperating for several years already. This has led first to a Memorandum of Understanding (MoU) to cooperate, which was published early last year. This was followed by another MoU at the Auto Shanghai this year, to form a JV. At that time the cooperation had picked up further momentum so that both companies decided to work together even more closely. The target of the JV is to integrate Horizon Robotics’ processors and algorithms in smart cameras and control units for ADAS and Automated Driving from Continental and to give Horizon Robotics a global reach and manufacturing footprint for its technology. It will serve the Chinese market as well as international OEMs globally. Up to now, some Chinese car manufacturers are willing to have a corporation with the JV for mass production.

      Today, the Joint Venture also signed a MOU for a cooperation with global automotive software leader Elektrobit. With Elektrobit’s experience and expertise the two parties can better facilitate the development and mass production of local autonomous driving-associated products today. Elektrobit will provide reliable software products and solutions of underlying standardized vehicle infrastructures, so that JV can focus on developing differentiated features and innovations.

      “We highly respect the focus and speed with which our partner Horizon Robotics is driving forward automotive AI technology. This approach to innovation is what the market needs. By forming a Joint Venture with our new partner, we can leverage a powerful combination of cutting-edge AI technology and the longstanding manufacturing and quality process expertise with best-in-class and affordable products”, said Frank Petznick, head of the Advanced Driver Assistance Systems business unit at Continental.

      "The automobile industry has fully entered the intelligent stage. Being in the center of the stadium, only by embracing new thinking, innovative mentality and open mind can we seize the opportunity of industrial transformation”, said Kai Yu, founder and CEO of Horizon Robotics. “Continental has a century-old history and continues to lead the innovation and upgrading of the global automotive industry. And Horizon Robotics has a deep accumulation of artificial intelligence technology and the ultimate local service. We two parties establish a joint venture company to create a brand-new industrial cooperation model and will work together to become the firm implementer and practitioner of the industrialization of smart cars.”

      Available documents

      Cookie Policy

      We use cookies to provide you with the best experience on our website. Click on "Accept all" to allow all cookies or "Change cookie settings" to decide individually.

      Note: If you consent to the use of performance cookies, you also consent to the transfer of your personal data to insecure third countries (e.g. to the USA). These insecure third countries do not provide a level of data protection comparable to EU standards. In the case of certain third party providers, such as Google and Mouseflow, no other guarantees are offered to compensate for this deficit. There is therefore a risk that the transmission of your personal data may result in state authorities accessing your personal data without you having effective legal protection options.

      For more information on performance technologies and the transfer of data to third countries, please refer to the privacy policy.

      By clicking the "Accept all" button, you explicitly consent to this. Consent can be revoked at any time by changing the cookie settings. The further processing of data already collected before revocation by the third-party provider cannot be excluded.

      A cookie is a small data file that is stored on your device. We use cookies to provide basic and convenience functionalities, measure website performance and analyze user behavior on the website. 

      Required cookies are always activated because they are indispensable for the operation of the website and to store your cookie consent. Functional and performance cookies are optional. All optional cookies are deactivated by default.

      You can change your cookie settings at any time by visiting our Cookie Policy or by clearing the cache in your browser. 

      Show more Show less
      Back
      Required cookies Required

      These cookies are required to provide you with key functions.

      Functional cookies

      These cookies are used to provide certain functionalities to you.

      Performance cookies

      These cookies are used to measure website performance and user behavior. All collected data are analyzed anonymously.