German automotive manufacturing company Continental has entered a strategic cooperation agreement with Chinese internet giant Baidu, to help develop intelligent mobility based around connected and autonomous cars.
The agreement was signed on Wednesday 31 May in Berlin by Frank Jourdan, member of the executive board of Continental and president of the chassis and safety division, and Qi Lu, group president and chief operating officer of Baidu.
The ‘technical alliance’ will see Continental and Baidu share resources and technology from their respective sectors to move towards solutions for autonomous driving, connected vehicles, and intelligent mobility services.
Elmar Degenhart, Continental chairman of the executive board, said that the collaboration could “take intelligent mobility an important step further.”
Under the agreement, the two companies will explore technology such as sensors, driver assistance systems, and data collection and analysis for autonomous driving.
Qi Lu said that the deal would see the two companies make use of artificial intelligence. He said: “Artificial intelligence has great potential to drive social development, and one of AI’s biggest opportunities is intelligent vehicles.
“By joining hands with Continental, we are striving to upgrade intelligence in the automobile industry and develop a new ecosystem of intelligent mobility and automated driving, thus empowering existing industries and new ones.”