Ford Motor Corporation Selects Luokung's Subsidiary EMG as the provider of HD Map Service for Ford China's Autonomous Driving Project
Luokung Technology Corp - Ordinary Shares (LKCO)
Company Research
Source: PR Newswire
BEIJING, Feb. 11, 2020 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, announced today that Ford Motor Corporation (NYSE: F) has selected Luokung's subsidiary eMapgo Technologies (Beijing) Co., Ltd. ("EMG") as the only provider for Ford China so far to utilize its proprietary autonomous driving HD map service capabilities to be used in Ford vehicles sold in the Chinese market. EMG will receive a fee for each car sold using its technology and service.EMG will support Ford's Connected Blue Zone (hereinafter referred to as CBZ) autonomous driving project. The CBZ is the first autonomous driving commercial project of Ford in China. It is SAE-Level 2.5+, allowing autonomous driving on the highway. The project is expected to be launched in 2021. EMG will not only provide HD seed map for CBZ, but also provid
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