Foxconn and NVIDIA Partner to Build Automated Electric Vehicles | Financial Buzz

Foxconn and NVIDIA Partner to Build Automated Electric Vehicles

NVIDIA Corporation (NASDAQ: NVDA) and Hon Hai Technology Group (Foxconn) has reported a strategic partnership to develop automated and autonomous vehicle platforms. Foxconn plans to be a tier one manufacturer to produce electronic control units based on NVIDIA DRIVE Orin for the global automotive market. “This strategic cooperation with NVIDIA strengthens the intelligent driving solutions Foxconn will be able to provide. Together, we are enabling the industry to build energy-efficient, automated vehicles,” said Eric Yeh, senior director of the Software Development Center at Foxconn. “This is a well-considered partnership that leverages unique strengths on each side in the pursuit of innovative EV development and opportunities.”

By building EVs on the DRIVE Hyperion qualified sensor set, Foxconn will speed up its time-to-market and time-to- cost strategies

Foxconn will allow NVIDIA to scale its efforts and meet industry demand.  “Our partnership with Foxconn will provide OEMs developing intelligent driving solutions with a world-class supplier that can scale for volume manufacturing of the NVIDIA DRIVE Orin platform,” said Rishi Dhall, vice president of automotive at NVIDIA. “Foxconn’s decision to also use the DRIVE Hyperion sensor suite for its EVs will help accelerate their path to production without compromising safety, reliability or quality.”

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