Chinese EV startups turn to Nvidia in the race to catch Tesla -Breaking
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Stephen Nellis and Joseph White
SAN FRANCISCO – U.S.-based high-performance chip maker Nvidia Corp (NASDAQ:) Corp reported Tuesday it has landed additional deals with Chinese electric car makers who want to utilize the company’s technology in order to drive software-driven features, which could attract customers away from Tesla Inc (NASDAQ:) Inc.
Ali Kani, vice president of Nvidia, presented at the CES technology conference and listed several Chinese electric vehicle makers (EVs) that will be using Nvidia’s DRIVE technology in the new car brains. These include Polestar (NYSE:), Xpeng, NIO, IM Motors (Li Auto), R Auto, Li Auto, and Xpeng.
Nvidia announced that auto suppliers and contract producers Desay, Flex (NASDAQ :), Quanta. Valeo (PA:). ZF will also use ZF’s Drive platform to build automated driving systems for EV-branded vehicles.
Nvidia stated previously that $8 billion will be in its automotive revenues over the next six-years. Tuesday’s presentation highlighted the significance of China’s rapidly growing EV sector for the U.S. chip firm’s efforts to increase its automotive business. This is a very small portion of its annual revenues, which are projected to exceed $26 billion.
Nvidia also wants to grow in the automated truck market. TuSimple, a robo-truck development company, announced Tuesday that it will be using Nvidia chips for self-driving semi-trucks.
Nvidia needs to negotiate U.S.-China tensions as well as Chinese regulations which effectively ban data from China being exported. Danny Shapiro is Nvidia’s vice-president for automotive. He stated that Nvidia works with Chinese partners to keep data needed to train artificial intelligence in vehicles in China.
Old and new automakers want to emulate the Tesla-developed software features. This can affect the performance of vehicles, battery life, and self-driving capabilities via updates over the air.
The industry’s term for “software-driven cars” is high-powered onboard computers. Companies such as Nvidia are able to tap new markets by designing chips for powerful data processing centres and gaming equipment.
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