Self-driving and electric cars are poised to combine production efforts as both technologies mature.
- Investment in self-driving vehicles is growing, leading to the emergence of specialist companies.
- Electric cars are also on the rise, supported by the infrastructure of apps and charging points.
- Both engineering and human factors suggest that these technologies are likely to combine.
- Support from the Chinese government is pushing these technologies forward in one of the world’s most important markets.
The growth of advanced automotive technology has led to the rise of companies such as Foresight Autonomous Holdings Ltd. (NASDAQ: FRSX) (TASE: FRSX) (FRSX Profile), an innovator in advanced vision sensor systems for assistant driving, semi and fully autonomous vehicles. Tesla Inc. (NASDAQ: TSLA) is pairing sensor technology with electric motor vehicles and has recently found a foothold in China. General Motors Company (NYSE: GM) will start mass production of self-driving vehicles next year and has been pushing its latest electric SUV to the Chinese market. Apple Inc. (NASDAQ: AAPL) is developing a sophisticated self-driving system that fuses multiple sensor inputs. And Intel Corporation (NASDAQ: INTC) has joined the sector by acquiring Mobileye, bringing its technological clout to sensor technology.
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Foresight Autonomous Holdings Ltd. (NASDAQ and TASE: FRSX), founded in 2015, is a technology company engaged in the design, development and commercialization of stereo/quad-camera vision systems and V2X cellular-based solutions for the automotive industry. Foresight’s vision systems are based on 3D video analysis, advanced algorithms for image processing and sensor fusion. The company, through its wholly owned subsidiary Foresight Automotive Ltd., develops advanced systems for accident prevention which are designed to provide real-time information about the vehicle’s surroundings while in motion. The systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. The company’s systems are targeting the Advanced Driver Assistance Systems (ADAS), semi-autonomous and autonomous vehicle markets. The company estimates that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information, visit the company’s website at www.ForesightAuto.com.
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