NavInfo: Signed autonomous driving map licensing agreement with BMW

On February 13, NavInfo announced that the company has recently signed an autonomous driving map license agreement with BMW AG. It is reported that this cooperation will last for ten years, and will take effect from the date of signing and will be valid until December 31, 2033.

According to the agreement, NavInfo will provide ADAS (Advanced Driving Assistance System) maps, HD (High Precision) maps and LBS (Location-Based) maps for BMW Group’s next-generation autonomous driving functions in the Chinese market. services) and other products and services. The specific sales volume and sales amount depend on the number of domestic BMW brand cars equipped with assisted-level autonomous driving functions regulated by the BMW Group.

The announcement stated that the signing of the next-generation autonomous driving map and LBS service agreement between the company and BMW Motors is a full recognition of the company’s autonomous driving map products by customers, further deepening the cooperative relationship between the two parties, and establishing the company’s global high-end Another important achievement in the automotive market, it can drive the implementation of more projects through leading customers, which will further increase the company's market share and help promote the continuous improvement of the company's profitability and operating performance.

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Editor: Qin Qingbao