French auto components manufacturer Valeo SA announced that it has signed an agreement with Chinese autonomous driving technology firm Momenta to establish a strategic partnership in “advanced mid- to high-level intelligent assisted driving and autonomous driving products, systems, and solutions, in China and overseas.”
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Valeo and Momenta confirmed that they plan to combine their strengths in computing platforms, sensor technology, and software to co-develop “cutting-edge system-level solutions that redefine intelligent mobility.” Through this partnership, the two companies said they aim to provide their customers with full lifecycle support, from jointly exploring the advanced driving market and developing new products to system integration and continuous software upgrades.
Valeo and Momenta also plan to explore broader cooperation models to “help automakers accelerate the transition from development to real-world deployment.” Valeo confirmed that the two companies are already in discussions with several global vehicle manufacturers about potential future collaboration in this segment.
Marc Vrecko, CEO of Valeo’s Brain Division, pointed out that “China is leading the ADAS market and continues to grow at a rapid pace. Momenta is one of the leaders in the field of automated driving that has grown from the Chinese market, with a wealth of specialized knowledge and leadership. We are very pleased to establish a long-term partnership with Momenta. Combined with Valeo’s world-leading expertise in ADAS, we believe that this cooperation will contribute to Valeo’s commitment to enable affordable, smarter, safer, and more sustainable mobility.”
Momenta’s CEO, Xudong Cao, said in a statement: “We are honored to partner with Valeo, a global technology leader, whose mission is to accelerate the scale-up of autonomous driving technology through breakthrough AI and data technologies. The partnership with Valeo will combine the strengths of both companies in hardware and software to further enhance the performance and market competitiveness of ADAS products, and jointly promote the development and landing of intelligent driving technology worldwide.”
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By GlobalDataValeo claims that one in three new passenger vehicles sold globally today is equipped with its ADAS technologies. The company said it offers a wide range of hardware and software “for entry-level, L2, L2+, L2++, L3, and L4 vehicles, including the most comprehensive portfolio of sensors on the market, including cameras, ultrasonic sensors, radar, Lidar; a complete range of Central/Domain/Zonal controllers; and software solutions that integrate Artificial Intelligence (AI) algorithms. The first three vehicles that have achieved L3 autonomous driving are equipped with Valeo SCALATM LiDAR technology.”
Momenta claims to be the first in the industry to achieve “mass-production deployment of its reinforcement learning–based model: the Momenta R6 Flywheel Big Model. Through continuous trial-and-error learning, the system rapidly evolved its capabilities, achieving safety and reliability that can surpass human drivers.”
The company claims that leading global automakers are already committed to more than 160 vehicle programmes with Momenta, with over 40 models already available on the market. So far, more than 400,000 vehicles in use are equipped with its intelligent driving systems, and the company is rapidly scaling up mass-production of assisted driving systems.
