NXP and Geely Announce Strategic Partnership for Automotive Research and Development
January 06 2017 - 2:22PM
(CES 2017) --
At
CES® 2017, NXP Semiconductors (NASDAQ:NXPI), the
world’s leading provider of automotive electronics solutions,
announced a long-term strategic partnership with Geely Automobile
Group, a Chinese multinational automotive manufacturing company.
The companies will work together on a new platform for research and
development to connect innovation in semiconductor technology more
efficiently with demand in the automobile industry. The efforts
will support world-class, tailor-made solutions for Geely, and
build the global competitiveness of China’s automobile industry.
The initial phase of the partnership will focus on enhancing
in-vehicle infotainment and telematics experiences through
state-of-the-art automotive micro controllers, radio chips, secure
car access, automotive networks and other applications.
Additional phases will include technical and R&D cooperation
in the fields of advanced driver assistance systems (ADAS);
intelligent interconnected vehicles or vehicle-to-everything (V2X);
and automotive network security. This partnership is part of the
global effort underway to transform cars from simply a mode of
transportation to secure information hubs.
Quotes
Hu Zhengnan, director of Geely Automobile Group Research
Institute, said, “Geely Automobile Group’s core development goals
for the next few years are to achieve an annual output of 2 million
units by 2020, and to enter into the list of top-10 global
automotive companies. Our continued cooperation with NXP is a
win-win partnership for our long-term development. We believe that
through in-depth cooperation in automotive electronics and the
introduction of world-class technology into our vehicles and
services offerings, Geely Auto Group will meet its ambitious global
goals.”
Steve Owen, executive vice president of Sales and Marketing for
NXP Semiconductors, said, “We are very pleased to have a long-term
strategic partnership with Geely Auto Group, China’s leading
privately owned automotive company. NXP has cooperated with Geely
for many years on car entertainment systems, especially in the
field of high-performance application processing using NXP’s i.MX
processor family. In this partnership we will continue to serve as
a trusted advisor providing dedicated technology to help Geely’s
brands become ever more competitive.”
Quick Facts:
- In the internet age, 90 percent of all car innovations come
from electronics.
- NXP is the industry leader in ADAS, automotive infotainment
systems, in-vehicle networking, vehicle-to-vehicle and
vehicle-to-infrastructure (V2X), and is a global leader in
automotive electronics and interconnection.
- To date, eight of the world’s top-10 car makers are using NXP’s
ADAS processors.
- This year, NXP launched the world’s smallest (7.5 × 7.5mm)
single-chip 77GHz high-resolution RFCMOS IC vehicle radar chip and
BlueBox automatic driving central processing unit (CPU).
- At CES® 2017, NXP introduced the world’s first SAF4000
single-chip solution compatible with all automotive infotainment
and broadcasting standards.
About NXP SemiconductorsNXP Semiconductors N.V.
(NASDAQ:NXPI) enables secure connections and infrastructure for a
smarter world, advancing solutions that make lives easier, better
and safer. As the world leader in secure connectivity solutions for
embedded applications, NXP is driving innovation in the secure
connected vehicle, end-to-end security & privacy and smart
connected solutions markets. Built on more than 60 years of
combined experience and expertise, the company has 44,000 employees
in more than 35 countries and posted revenue of $6.1 billion in
2015. Find out more at www.nxp.com.
About Geely AutoGeely Auto
Group is China’s fastest growing privately owned Chinese automotive
group. Geely Auto Group (Geely Auto) is a subsidiary of Zhejiang
Geely Holding Group (ZGH) which owns Volvo Cars and the London Taxi
Company. Geely Auto Group consists of two brands, Geely Auto, a
mass market orientated brand and the recently introduced LYNK &
CO, which is aimed at global markets. In 2016 Geely Auto sales
reached over 700,000 units, an increase of over 20 percent on 2016
sales.
Forward-looking Statements This
document includes forward-looking statements which include
statements regarding NXP’s business strategy, financial condition,
results of operations and market data, as well as other statements
that are not historical facts. By their nature, forward-looking
statements are subject to numerous factors, risks and uncertainties
that could cause actual outcomes and results to be materially
different from those projected. Readers are cautioned not to place
undue reliance on these forward-looking statements. Except for any
ongoing obligation to disclose material information as required by
the United States federal securities laws, NXP does not have any
intention or obligation to publicly update or revise any
forward-looking statements after NXP distributes this document,
whether to reflect any future events or circumstances or otherwise.
For a discussion of potential risks and uncertainties, please refer
to the risk factors listed in NXP’s SEC filings. Copies of NXP’s
SEC filings are available from the SEC website,
www.sec.gov.
NXP and the NXP logo are trademarks of NXP B.V.
All other product or service names are the property of their
respective owners. © 2017 NXP B.V.
For more information, please contact:
NXP China PR
Ming Yue
Tel: +86-21-2205 2690
Fax: +86-21-2205 2518
Email: ming.yue@nxp.com
Ogilvy PR China
Sharon Tang
Tel: +86-10-85206565
Fax: +86-10-85206600
Email: sharon.tang@ogilvy.com
NXP Semiconductors NV (NASDAQ:NXPI)
Historical Stock Chart
From Mar 2024 to Apr 2024
NXP Semiconductors NV (NASDAQ:NXPI)
Historical Stock Chart
From Apr 2023 to Apr 2024