WABCO Holdings Inc. (NYSE: WBC) (www.wabco‑auto.com), the leading
global supplier of braking control systems and other advanced
technologies that improve the safety, efficiency and connectivity
of commercial vehicles today signed a Memorandum of Understanding
(MoU) with Baidu (NASDAQ: BIDU) to collaborate on developing a
best-in-class, cost-effective and highly standardized suite of
solutions for Level 4 Autonomous Driving in hub-to-hub highway
applications for commercial vehicles. This will be a cornerstone of
an open platform allowing OEMs and fleets to utilize WABCO’s and
Baidu’s core safety and AI technologies while providing them an
opportunity to develop customized, differentiated solutions.
Based on this strategic cooperation agreement, Baidu will bring
the power of Apollo, its open autonomous driving software platform,
proven in the passenger car segment, while WABCO will provide
access to its own ADOPT™ (Autonomous Driving Open Platform
Technology) ecosystem to simplify entry into WABCO’s world of
advanced technologies for the commercial vehicle industry.
Taking the next step, the intent is to work together to combine
the required content of Baidu’s Apollo software platform,
integrating all the safety and redundancy protocols necessary for
road release in order to develop turnkey, hub-to-hub, Level 4
highway solutions for the commercial vehicle world. The goal is to
be able to commercialize these solutions over the next three
years.
Finally, WABCO and Baidu will leverage the development across
these commercialized platforms and open them up to WABCO customers
(Fleets and OEs) allowing them to develop their own solutions that
align with their specific autonomous driving goals. In order to
develop these Level 4 autonomous driving applications, customers
could either seek to leverage the existing full software stack, or
select specific software modules and functionality.
“Commercial vehicles will be the first mover in autonomous
driving adoption with promising prospects of commercialization. The
Baidu Apollo platform is also striving to advance the pilot
operation and final adoption in commercial vehicle application. As
a global technology leader of commercial vehicle safety and control
systems, WABCO brings about a unique ecosystem with comprehensive
partnerships in the world of commercial vehicles,” said Zhenyu Li,
Vice President, Baidu Intelligent Driving Group. “Baidu believes
the cooperation between Apollo platform and WABCO, combining the
respective strengths of both parties, will help our partners
minimize repetitive and basic development efforts, and eventually
accelerate autonomous driving application of commercial vehicles,”
added Li.
“We are excited to bring our commercial vehicle expertise to
this partnership with Baidu, already a strong open software
platform leader in the autonomous driving segment for passenger
cars,” said Dr. Christian Brenneke, Chief Technology Officer and
Head of Engineering, WABCO. “By connecting WABCO’s ADOPT ecosystem
to Baidu’s technologies, we will help simplify and optimize the
needs of commercial vehicle customers in the autonomous world, thus
empowering them to develop custom solutions for autonomous driving
in a fast and efficient manner,” added Brenneke.
Bringing together WABCO’s ADOPT and Baidu’s Apollo open platform
into the commercial vehicle world will help accelerate the adoption
of Level 4 autonomous driving. Additionally, for WABCO’s customers
today and tomorrow, it will open up a world of choices and benefits
– speed to market, lower R&D investments, flexibility and
access to true domain experts – aligned with the pace of their own
autonomous driving journeys.
WABCO at IAA Commercial Vehicles 2018WABCO will
showcase its industry-leading technologies and services that
improve the safety, efficiency and connectivity of commercial
vehicles worldwide at IAA Commercial Vehicles 2018. This includes
the latest technologies in braking, advanced driver assistance,
fleet management solutions and aerodynamics.
Visit WABCO in Hall 16 at Booth B10Deutsche
Messe Exhibition Grounds, 30521 Hannover, GermanyPress Day:
September 19, 2018Public Days: September 20 - 27, 2018, 9 AM – 6 PM
CETFor more information about WABCO’s participation at IAA
Commercial Vehicles 2018, please visit
WABCO Press Conference WABCO’s press conference
will be held on September 19 from 1:45 to 2:10 PM CET in the
Convention Center, Rooms 13 and 14.
WABCO’s Live Demonstrations at ‘New Mobility
World’WABCO will demonstrate daily its latest aerodynamics
technologies for commercial vehicles, an advanced electronic
security system, as well as its newest trailer cargo management
solutions. Also on display during the demonstrations, WABCO will
highlight its eTrailer prototype showcasing the future of trailer
electrification. Visit “New Mobility World Live” in the outdoor
exhibition area, north of Hall 26.
WABCO’s Speaker at ‘New Mobility World’
ForumForum Event: The New Era of Smart Data and
Intelligent TelematicsTopic: Applying Intelligent Vehicle
Technologies to Fight Cargo CrimeSpeaker: Christiaan Verschueren,
Vice President, Trailer Systems, WABCODate: September 27 Time:
10:00 to 11:00 AM CETLocation: Pavilion 11, Section D
About WABCOWABCO (NYSE: WBC) is the leading
global supplier of braking control systems and other advanced
technologies that improve the safety, efficiency and connectivity
of commercial vehicles. Originating from the Westinghouse Air
Brake Company founded nearly 150 years ago, WABCO is
powerfully “Mobilizing Vehicle Intelligence” to support the
increasingly autonomous, connected and electric future of the
commercial vehicle industry. WABCO continues to pioneer innovations
to address key technology milestones in autonomous mobility and
apply its extensive expertise to integrate the complex control and
fail-safe systems required to efficiently and safely govern vehicle
dynamics at every stage of a vehicle’s journey – on the highway, in
the city and at the depot. Today, leading truck, bus and trailer
brands worldwide rely on WABCO’s differentiating
technologies. Powered by its vision for accident-free driving
and greener transportation solutions, WABCO is also at the
forefront of advanced fleet management systems and digital
services that contribute to commercial fleet efficiency. In 2017,
WABCO reported sales of $3.3 billion and has nearly
15,000 employees in 40 countries. For more information,
visit www.wabco-auto.com and, for WABCO’s 2017 Annual Report,
visit ar.wabco-auto.com.
WABCO global media contactNina Friedmann, +49
69 719 168 171, wabco@klenkhoursch.de
WABCO investors and analysts contactSean
Deason, +1 248 270 9287, investorrelations@wabco-auto.com
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