LAS VEGAS, Jan. 9, 2018 /PRNewswire/ -- Visteon Corporation
(Nasdaq: VC), a global leader in automotive cockpit electronics,
today signed a strategic cooperation agreement with Guangzhou
Automobile Group Co., Ltd. Automotive Engineering Institute (GAC
Engineering), a leading China-based vehicle manufacturer, to develop
and deploy autonomous driving and other cockpit electronics
solutions.
Under the agreement, both companies
will collaborate on the development
of autonomous driving solutions using
Visteon's DriveCore™ technology platform introduced
at CES® 2018 on a vehicle program that is
planned to be launched in 2020. In addition, both companies
will explore potential commercial engagements in instrument
clusters, displays, augmented reality head-up displays and domain
controllers using Visteon's SmartCore™ technology. Sachin Lawande, president and CEO of Visteon,
and Wang Qiujing, president of GAC Engineering, signed the
agreement at Visteon's exhibit at CES® 2018 in
Las Vegas, Nevada.
Lawande said: "We are very pleased to engage with GAC, one of
the leading vehicle manufacturers in China, on a broad range of autonomous driving
and cockpit electronics technology developments. GAC is a
fast-growing, highly valued Chinese automobile company with a solid
foundation of quality and a proven record of innovation. Its
development efforts in intelligent and automated vehicles are fully
aligned with those of Visteon, which has a major presence in
China."
Qiujing stated: "We are very pleased to be embarking on this
collaboration with Visteon. Visteon's technology innovation and
strong presence in China is
well-aligned with our vision for automotive technology development.
We believe that this cooperation with Visteon will play an
important role in promoting the rapid development of autonomous
driving and cockpit electronics systems."
Initial engagement will focus on development of Level 3 and
higher autonomous driving solutions and cockpit domain controller
systems using Visteon's industry-leading DriveCore™ and
SmartCore™ technology platforms. The cooperative
agreement with GAC furthers Visteon's efforts to develop technology
solutions addressing industry trends such as digitization of the
cockpit, consolidation of cockpit electronics components, and the
transition to autonomous vehicles.
About Visteon
Visteon is a global technology company that designs, engineers
and manufactures innovative cockpit electronics products and
connected car solutions for most of the world's major vehicle
manufacturers. Visteon is a leading provider of instrument
clusters, head-up displays, information displays, infotainment,
audio systems, SmartCore™ cockpit domain controllers, and vehicle
connectivity. Visteon also supplies embedded multimedia and
smartphone connectivity software solutions to the global automotive
industry. Headquartered in Van Buren
Township, Michigan, Visteon has approximately 10,000
employees at more than 40 facilities in 18 countries. Visteon had
sales of $3.16 billion in 2016. Learn
more at www.visteon.com.
Visteon in China
Visteon has had a presence in China for nearly 25 years, and today
China is the company's
fastest-growing market. Supporting its mission to enable a rich
driving experience in a safe and convenient manner, Visteon is
bringing advanced technologies and high-quality products to vehicle
manufacturers in China. Visteon
serves the China market through
joint ventures, with 10 manufacturing facilities, four technology
centers and one customer service center.
About GAC Engineering
Guangzhou Automobile Group Co., Ltd. Automotive Engineering
Institute (GAC Engineering) was established in 2006. As the pivot
of GAC's research and development system and the technical
management division for GAC's headquarters, GAC Engineering is
responsible for GAC's strategic planning, implementation of new
technology and new products R&D.
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www.linkedin.com/company/visteon
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https://www.instagram.com/visteon
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SOURCE Visteon Corporation