BMW Teams Up With Amazon For Autonomous Driving Tech In Upcoming EVs
Portfolio Pulse from Benzinga Neuro
BMW (OTC:BMWYY) is partnering with Amazon (NASDAQ:AMZN) to use its cloud computing technology for the development of semi-autonomous driving features in its upcoming electric vehicles. The Advanced Driver Assistance Systems (ADAS) will be featured in BMW’s Neue Klasse range of electric cars set to launch in 2025. Amazon Web Services (AWS) will be used to store and process large volumes of data. BMW will also use Qualcomm’s (NASDAQ:QCOM) Snapdragon Ride platform to power its ADAS from 2025.
September 06, 2023 | 10:15 am
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POSITIVE IMPACT
Amazon's cloud computing technology will be used by BMW for the development of semi-autonomous driving features in its upcoming electric vehicles. This expands Amazon's customer base in the automotive sector.
The partnership with BMW expands Amazon's customer base in the automotive sector and could potentially increase its revenues from cloud services. This could have a positive impact on Amazon's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BMW is partnering with Amazon and Qualcomm for the development of semi-autonomous driving features in its upcoming electric vehicles. This could enhance BMW's competitive position in the EV market.
The partnership with Amazon and Qualcomm could enhance BMW's technological capabilities and competitive position in the EV market. This could potentially have a positive impact on BMW's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Qualcomm's Snapdragon Ride platform will be used by BMW to power its Advanced Driver Assistance Systems from 2025. This could increase Qualcomm's revenues and enhance its position in the automotive sector.
The use of Qualcomm's platform by BMW could increase Qualcomm's revenues and enhance its position in the automotive sector. This could potentially have a positive impact on Qualcomm's stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 70