Foresight announces collaboration with Chinese EV brand By Investing.com

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<span>© Foresight Automotive PR Foresight (FRSX) announces collaboration with Chinese EV brand</span><br />
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<p>Foresight Autonomous Holdings (NASDAQ:), a pioneer in automotive vision systems, announced Friday the signing of a multi-phase collaboration agreement with a prominent China-based global Electric Vehicle (EV) OEM.</p>
<p>This OEM specializes in EVs, rechargeable batteries, and associated products.</p>
<p>As previously outlined on September 21, 2023, the initial phase of the agreement involves conducting a proof of concept (POC) project aimed at assessing Foresight&#8217;s 3D perception capabilities, encompassing high-resolution point cloud, object detection, and disparity map functionalities. The objective is to potentially enhance the current automotive vision solution employed by the OEM.</p>
<p>Upon the successful conclusion of the POC project, both parties aim to enter negotiations for a definitive commercial agreement. This subsequent phase involves joint efforts in the development, integration, and eventual commercialization of Foresight&#8217;s technology within the OEM&#8217;s automotive vision systems.</p>
<p>Additionally, the OEM plans to introduce Foresight&#8217;s technology to its subsidiaries, customers, and partners, presenting Foresight as a strategic business collaborator. This introduction is intended to foster relationships between Foresight and the OEM&#8217;s partners, facilitating further cooperation.</p>
<p>Shares of FRSX are down 9.93% in mid-day trading on Friday.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/foresight-announces-collaboration-with-chinese-ev-brand-432SI-3264770">Source link </a></p><p>The post <a href="https://forextraderhub.com/foresight-announces-collaboration-with-chinese-ev-brand-by-investing-com.html">Foresight announces collaboration with Chinese EV brand By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>

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