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Stock impact report

Digital car keys are getting more sophisticated [Verge, The]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Verge, The
Last month, over a dozen automobile and smartphone manufacturers gathered in Palo Alto, California, for the 16th annual “Plugfest,” hosted by the Car Connectivity Consortium (CCC) to test out the latest in digital key technology. Digital keys , which allow vehicle owners to lock, unlock, and start their cars using smartphones or other digital devices, are becoming more commonplace. And the goal of Plugfest was to provide a place for CCC members — ranging from automakers and smart device manufacturers to cloud providers and chip makers — to come together to test interoperability and real-world performance across vehicles, devices, and wireless technologies. Plugfest is an opportunity for companies that are typically heated rivals to come together in the spirit of cooperation to ensure that digital keys work across different devices and vehicle brands. But the event was also an acknowledgement that as modern cars get more complex, these validation efforts will grow increasingl Show less Read more
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