INGDAN.com teams with Mobileye
Cogobuy Group, an e-commerce platform serving the electronics manufacturing industry in China, announced that INGDAN.com, the company's intelligent hardware innovation platform, is the first official partner with Mobileye, a developer of vision technology for advanced driver assistance systems (ADAS) and autonomous driving, to roll out the Powered by Mobileye Program ("The Program") to capture the intelligent drive market. INGDAN.com had facilitated cooperation between Mobileye and various vehicle manufacturers for coach buses, heavy locomotives, and special-purpose vehicles. New energy vehicle projects, particularly in relation to coach buses, are expected to roll out from the fourth quarter of 2017 at the earliest.
To cater to the automotive market in China with more automobile enterprises, complex modelling platforms, and diverse annual outputs, The Program is uniquely positioned among Mobileye's global strategies in boosting sales in China, and INGDAN.com is its pioneer partner in China. INGDAN.com and Mobileye aim to consolidate their cooperation to exploit synergies from leveraging Mobileye's autonomous driving and INGDAN.com strong resource-matching capabilities. By achieving localization of technology transfer, integration, and production, Mobileye expects to see its market share surge in China. Currently, Intel is acquiring approximately 84% of Mobileye's outstanding ordinary shares listed on The New York Stock Exchange. Upon completion, Intel's Automated Driving Group will merge with Mobileye.
Propelled by the national policy, the market for intelligent driving in China is embracing new growth drivers. The Ministry of Transport released at the beginning of the year a new requirement to have business vehicles of lengths 9 m (30 ft) or above to have LDS (Lane Departure Warning) systems and FCW (Front Collision Warning) systems installed as standard. Moreover, the announcement of "China Safety Coach Assessment Programme" last month by the authorities signified a realization by the government of internet safety works covering new areas and new businesses such as Internet of Vehicles, etc., as the key area to work on, providing further impetus to the smart car industry.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said, "The national policy has given rise to huge demand for core intelligent driving technologies such as advanced driver assistance systems (ADAS) from the automobile manufacturing industry. This will create huge potential for the industry.”
According to projections by HIS Markit, the aggregate value of automated driving automobile sales will reach 21 million units by 2035, where 5.7 million units will be sold by China market. The company had planned ahead to expand its foothold in the smart car business and had established a long-term strategic partnership with Mobileye since 2015. With the boost from INGDAN.com, the company successfully facilitated inclusion of an "ADAS + Internet of Vehicles" solution by Mobileye in Hong Kong Smart City Development Blueprint.