NAVYA, a leading company in autonomous driving systems, announced that it has signed a Memorandum of Understanding with ESMO Corporation and SK Telecom in the context of a partnership aiming at developing autonomous driving features using the 5G technologies already deployed in South Korea.
Park Jin-Hyo, the Executive Vice-President of SK Telecom, Jeong-Hun Kim, Chief Executive Officer of ESMO Corporation, and Étienne Hermite, Chief Executive Officer of NAVYA, met in Seoul to formalise the signing of this partnership.
NAVYA will provide its autonomous driving technology and R&D expertise to incorporate features associated with 5G networks, supervision and cloud computing.
ESMO Corporation will be in charge of marketing products and services, notably B2B and B2G, and setting up a vehicle assembly line in the longer term. ESMO Corporation will also be responsible for designing and localising the components as well as implementing a supervision platform.
SK Telecom will be responsible for providing technological solutions (connectivity, etc.), accompanying the marketing of the products, notably B2B and B2G, and providing a 5G autonomous driving infrastructure.
Furthermore, the three companies will collaborate on the development of an autonomous vehicle platform dedicated to entertainment and infotainment.
On this occasion, Etienne Hermite, Chief Executive Officer of NAVYA, stated: “We are very proud to have signed this Memorandum of Understanding with ESMO Corporation and SK Telecom. This technological and commercial partnership will be a source of substantial synergies that will enable our technology to be further developed. I also firmly believe that our three groups’ expertise will be a benefit to the widespread roll-out of autonomous vehicles in North-East Asia.”