Category: Didi Chuxing

French auto parts maker Valeo to invest in Didi’s autonomous driving unit

Valeo and Didi Autonomous Driving will set up a joint R&D team to work on safety systems for L4 robotaxis.

French auto parts maker Valeo to invest in Didi's autonomous driving unit-CnEVPost

(Image credit: Didi)

French auto parts maker Valeo will invest in Didi Global's autonomous driving division to bet on the fast-growing segment in China.

On May 29, Valeo and Didi Autonomous Driving entered into a strategic partnership and investment agreement in which Valeo intends to invest in the latter and will jointly develop safety solutions for L4 robotaxis.

Valeo and Didi revealed the development in their respective press releases but did not mention the amount of the planned investment.

"Today, we are proud to sign this agreement to invest in DiDi Autonomous Driving and join our R&D efforts to develop safety solutions," Geoffrey BOUQUOT, Valeo Executive Vice President Strategy and CTO, said.

Valeo and Didi Autonomous Driving will form a joint R&D team to work on safety systems for L4 robotaxis.

To provide additional safety to users, Valeo and Didi Autonomous Driving will complement the main system of L4 standard technology with another set of hardware and software that will enable robotaxi to navigate autonomously and safely, according to their press releases.

This Automated Safety Pilot will provide redundancy for the primary system in the event of a sudden failure, as well as customized safety features designed for specific operating scenarios.

The customized intelligent safety solution will be able to take over and control the robotaxi to perform actions that ensure the safety of passengers and other road users.

This intelligent safety solution will initially be deployed on Didi Autonomous Driving's L4 robotaxis, according to their press releases.

Didi's autonomous driving team was founded in 2016, and the ride-hailing giant opened its first overseas AI lab in California in March 2017.

In 2019, Didi began ramping up its bet on autonomous driving, upgrading its autonomous driving division to a standalone company on August 5, 2019.

On April 13, Didi unveiled its driverless concept vehicle Didi Neuron at its autonomous driving open day event, eliminating the driver's seat and expanding the passenger space compared to Didi's first custom car, the D1, which was released in 2020.

Didi's autonomous driving team reached nearly 1,000 people, which is a threefold increase from 2020, Didi Autonomous Driving COO Meng Xing said at the time.

French auto parts maker Valeo to invest in Didi's autonomous driving unit-CnEVPost

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