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Stock impact report

SANY Group and Ambarella Announce Strategic Cooperation to Accelerate Implementation of CV3-AD Domain Controller-Based Intelligent Driving Systems

Ambarella, Inc. - Ordinary Shares (AMBA) 
Last ambarella, inc. - ordinary shares earnings: 3/3 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ambarella.com/investor-relations
Company Research Source: GlobeNewswire
CHANGSHA CITY, China and SANTA CLARA, Calif., April 03, 2024 (GLOBE NEWSWIRE) -- SANY Group (SANY), a worldwide leader in the commercial vehicle industry, and Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, announced a strategic cooperation focused on advanced mobility solutions for the global market. SANY agreed to leverage Ambarella’s powerful CV3-AD family of automotive AI domain controller systems-on-chip (SoCs) to develop advanced automated driving solutions, and to achieve technical validation and deployment on its next-gen commercial vehicles and special-purpose vehicles. At the same time, both parties will collaborate on the joint development of high-performance and highly integrated automated driving solutions, as well as jointly promoting them in the market, with the goal of achieving start-of-production for the first collaborative vehicle model by calendar year 2025. During last week’s meeting to finalize this collaboration, Xiang Wenbo, rotating chair Show less Read more
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