Bosch to Partner on Precision Maps for Automated Driving in China
April 19 2017 - 2:45AM
Dow Jones News
By Monica Houston-Waesch
FRANKFURT--Germany's Robert Bosch GmbH on Wednesday said it will
partner with internet group Baidu Inc. (BIDU) and others on
high-precision maps for automated driving in China.
Baidu and map providers AutoNavi and NavInfo Co. Ltd.
(002405.SZ) will use information collected by Bosch's radar and
video sensors in vehicles to generate and update maps. The four
parties aim to present map solutions by the end of the year.
"Automated driving will not be possible without high-precision
maps--not in China and not anywhere else in the world either,"
Bosch board member Rolf Bulander said in a press statement.
Bosch, an automobile industry supplier and technology group, is
also testing automatic driving projects in Germany, the U.S. and
Japan, making China its fourth location.
"As the world's largest automotive market and with roughly 28
million vehicles now being produced annually, China is also an
important sales market for automated driving technologies," the
company said.
Bosch's sales of mobility technology and services in China came
to 9 billion euros ($9.57 billion) last year, accounting for 20% of
all sales in the mobility solutions sector, the company said. Bosch
employs over 34,000 mobility solutions employees in China at 21
manufacturing sites.
Write to Monica Houston-Waesch at nikki.houston@wsj.com
(END) Dow Jones Newswires
April 19, 2017 02:30 ET (06:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Baidu (NASDAQ:BIDU)
Historical Stock Chart
From Aug 2024 to Sep 2024
Baidu (NASDAQ:BIDU)
Historical Stock Chart
From Sep 2023 to Sep 2024