Renesas and Cohda Announce Partnership For Autonomous, Connected Systems

Twelve losers and eight gainers helped the Driverless Transportation Index (D20) slide 0.9 percent this week to close slightly above 160, at 160.46.

Both the Dow and S&P also lost ground this week.  The Dow closed down 0.4 percent at 18240.49, while the S&P dipped to 2153.74, a loss of 0.7 percent.

Renesas Electronics (TYO:6732), this week’s D20 price gain percentage leader, jumped 4.2 percent to close at ¥640 per share. Renesas announced its partnership with Cohda Wireless to deliver a V2X platform for autonomous and connected vehicles.

Renesas will provide the V2X R-car system-on-chips (SoCs), while Cohda will add its V2X and CAV software solutions.  The combination will create a V2X reference solution that will support both North American and European communications standards for V2X connected vehicles.

Visit the Driverless Transportation D20 Stock Index page to learn more about it and its component stocks.

 

Up-and-Comers:

Palo Alto, California-based Nauto, Inc., after raising $12 million in Series A funding in April 2016, announced that it has added an undisclosed amount to that round with funding from BMW, Toyota and the insurance company Allianz.

Nauto’s technology combines real-times sensors, forward-looking cameras and cabin-view cameras to understand the driving context in real-time.  Nauto is selling their system and its predictive capabilities to vehicle fleet managers and insurance companies.