Since Horizon and Continental signed a memorandum of cooperation in October last year, the Blue Whale Auto reporter has learned that the cooperation between the two parties has been upgraded, from in-depth cooperation to the establishment of a joint venture company for intelligent driving. "The joint venture company will be controlled by Continental." Insiders said.

　　Continental and Horizon signed a contract at the Shanghai Auto Show today. It is reported that the two parties will leverage the advantages of both parent companies in product quality, supply chain, and artificial intelligence chips and algorithms to provide industry-leading senior drivers for domestic and global vehicle manufacturers customers Assistance system (ADAS) and autonomous driving software and hardware system solutions.

　　Because of its leading position in automotive-grade autonomous driving chips and algorithm technology, Horizon has been frequently favored by major manufacturers recently, and many vehicle companies have stood in line for support in the form of investment. Continental also reached a cooperation agreement with Horizon as early as September 2020. Horizon’s Journey series of automotive-grade AI chips and algorithms will be integrated into Continental’s various ADAS products. The two parties will work together to create high-performance, high-quality and suitable. Intelligent driving solutions for driving scenarios in China.

　　The establishment of a joint venture between the two parties this time is a manifestation of the further upgrading of cooperation. In the future, Continental and Horizon will continue to accelerate the development and mass production of smart driving products, relying on smart driving joint ventures to provide better local service support for the Chinese auto market, and promote the development of China and the global smart car industry.