German supplier Continental AG signed an agreement Wednesday with Chinese artificial intelligence startup Horizon Robotics to establish a joint venture in Shanghai to apply technology to smart vehicles.
The joint venture will integrate Horizon Robotics’ AI-enabled processors and algorithms into Continental’s smart cameras and control units for advanced driver-assistance systems and automated driving, Continental said.
The partnership will be majority owned by Continental and is expected to employ around 200 people, Continental noted, without disclosing its investment or stake in the new company.
It will serve automakers operating in and outside China, the German supplier added.
Horizon Robotics was incorporated in Beijing in 2015.
The startup supplies AI processors and algorithms to a wide range of Chinese carmakers such as Changan Automobile Co., SAIC Motor Corp., Dongfeng Motor Group, GAC Motor Co. and Great Wall Motor Co.