Valeo strikes deal to deliver driving assistance systems to BMW’s electric vehicle platform – Reuters
PARIS, June 28 (Reuters) – French car parts company Valeo (VLOF.PA)said on Tuesday it had won a major contract with BMW (BMWG.DE)to equip the German carmaker’s upcoming electric vehicle platform with its advanced driving assistance systems.
The platform, on which BMW is planning to build up its bestselling 3 series sedan among other models, is a core part of the carmaker’s strategy to reach a 50% share for electric vehicles in its global sales by 2030.
Valeo said it would provide the ADAS domain controller, sensors and software for parking and maneuvering for BMW’s platform generation called “Neue Klasse”*, due to launch in 2025.
Valeo added that the system being developed by Valeo, BMW and Qualcomm (QCOM.O)will be able to obtain real-time mapping and understanding of the car’s surroundings as well as the interior of the vehicle.
Register now for FREE unlimited access to Reuters.com
Reporting by Sudip Kar-Gupta;
Editing by Tassilo Hummel
Our Standards: The Thomson Reuters Trust Principles.