NIO Inc. Announces Strategic Collaboration with Mobileye to Bring Level 4 Autonomous Driving Vehicles to Consumers in China a...
November 05 2019 - 10:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium electric vehicle market, today announced a strategic
collaboration with Mobileye, the global leader in the development
of vision technology for Advanced Driver Assistance Systems (ADAS)
and autonomous driving, and an Intel company, on the development of
highly automated and autonomous vehicles (AV) for consumer markets
in China and other major territories. As part of the planned
cooperation, NIO will engineer and manufacture a self-driving
system designed by Mobileye, building on Mobileye’s level-4 (L4) AV
kit. This self-driving system will be the first of its kind,
targeting consumer autonomy, engineered for automotive
qualification standards, quality, cost, and scale. NIO will
mass-produce the system for Mobileye and also integrate the
technology into its electric vehicle lines for consumer markets and
for Mobileye’s driverless ride-hailing services. This variant will
target initial release in China, with plans to subsequently expand
into other global markets.
“At NIO, we pride ourselves on our pursuit of
innovation and cutting-edge technology, which not only strengthens
our product competitiveness but also shapes a joyful lifestyle for
our users,” said William Li, founder, chairman and chief executive
officer of NIO. “We look forward to building our strategic
collaboration with Mobileye in autonomous driving technology
development, to further enhance the safety and capabilities of our
vehicles, as we strive to be the next-generation car company and
the best user enterprise.”Prof. Amnon Shashua, Intel. Sr. Vice
President and President and CEO of Mobileye, said, “We are thrilled
by the promise and potential of collaborating with NIO on electric
autonomous vehicles, for both consumers and robotaxi fleets. We
value the opportunity to bring greater road safety to China and
other markets through our efforts and look forward to NIO’s support
as Mobileye builds a transformational mobility service across the
globe.”About NIO Inc. NIO Inc. is a
pioneer in China’s premium electric vehicle market. Founded
in November 2014, NIO’s mission is to shape a joyful lifestyle
by offering premium smart electric vehicles and being the best user
enterprise. NIO designs, jointly manufactures, and sells smart and
connected premium electric vehicles, driving innovations in next
generation technologies in connectivity, autonomous driving and
artificial intelligence. Redefining the user experience, NIO
provides users with comprehensive, convenient and innovative
charging solutions and other user-centric services. NIO began
deliveries of the ES8, a 7-seater high-performance premium electric
SUV in China in June 2018, and its variant, the
6-seater ES8, in March 2019. NIO officially launched the ES6,
a 5-seater high-performance premium electric SUV, in December
2018 and began the first deliveries of the ES6 in June
2019.About IntelIntel (Nasdaq: INTC), a leader in
the semiconductor industry, is shaping the data-centric future with
computing and communications technology that is the foundation of
the world’s innovations. The company’s engineering expertise is
helping address the world’s greatest challenges as well as helping
secure, power and connect billions of devices and the
infrastructure of the smart, connected world — from the cloud to
the network to the edge and everything in between. Find more
information about Intel at newsroom.intel.com and
intel.com.Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, the Business Outlook
and quotations from management in this announcement, as well as
NIO’s strategic and operational plans, contain forward-looking
statements. NIO may also make written or oral forward-looking
statements in its periodic reports to the U.S. Securities and
Exchange Commission (the “SEC”), in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about NIO’s beliefs, plans and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: NIO’s strategies; NIO’s future business development,
financial condition and results of operations; NIO’s ability to
develop and manufacture a car of sufficient quality and appeal to
customers on schedule and on a large scale; its ability to grow
manufacturing in collaboration with partners; its ability to
provide convenient charging solutions to our customers; its ability
to satisfy the mandated safety standards relating to motor
vehicles; its ability to secure supply of raw materials or other
components used in our vehicles; its ability to secure sufficient
reservations and sales of the ES8 and ES6; its ability to control
costs associated with our operations; its ability to build our NIO
brand; general economic and business conditions globally and
in China and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in NIO’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and NIO does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.For more information, please
visit: http://ir.nio.com For investor and media
inquiries, please contact: NIO Inc. Investor
Relations Tel: +86-21-6908-3681 Email: ir@nio.comThe
Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050
Email: nio@tpg-ir.comRoss Warner Tel: +86-10-6508-0677
Email: nio@tpg-ir.comSource: NIO
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