Waymo Expands Their Automotive Footprint
In June 2019, the Renault-Nissan alliance issued a short press release announcing that it would be partnering exclusively with Alphabet’s Waymoto “explore all aspects of driverless mobility services for passengers and deliveries in France and Japan.” The latest Waymo announcement comes as the industry at large undergoes some major shifts in partnerships for autonomous vehicle software and hardware development. In the face of cost pressures and delayed implementation deadlines, Original Equipment Manufacturers (OEMs) are reevaluating and rationalizing their level of spending on autonomous driving development, either by pooling their in-house efforts with competitors or shifting more development to dedicated Autonomous Vehicle (AV) suppliers.
This spending rationalization by OEMs is having an impact on many autonomous vehicle startups, and the number of vendors in the ecosystem is unsustainable. Shortly after the Waymo announcement Apple acquired Drive.ai, which was once valued at US$250 million and on the verge of closing down shortly befo…
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