When Daimler`s 2017 Entered into an Agreement
When Daimler`s 2017 Entered into an Agreement
Daimler AG is a German multinational automotive corporation that produces luxury vehicles, buses, and trucks. In 2017, the company entered into an agreement with one of its key suppliers, Nokia, to use its mapping technology in the development of self-driving cars. The agreement was a significant step forward in Daimler`s efforts to bring autonomous driving to the market.
The partnership between Daimler and Nokia was seen as a critical milestone in the development of autonomous driving technology. Nokia`s mapping technology is regarded as one of the best in the industry, with highly accurate mapping data that can be used to create detailed maps of roads, buildings, and other features. This technology is essential in developing autonomous driving systems that rely on highly accurate maps to navigate roads.
Under the terms of the agreement, Daimler would use Nokia`s mapping technology to develop its autonomous driving systems. The company said that it planned to incorporate the technology into its existing Mercedes-Benz vehicles, as well as into new models that were currently under development.
Daimler`s partnership with Nokia was just one of several initiatives that the company has undertaken to develop autonomous driving technology. In addition to working with Nokia, Daimler also invested in a number of technology startups that were developing autonomous driving systems. The company also set up its own autonomous driving research and development division, which was tasked with developing new technologies that could be used to enable self-driving cars.
The agreement with Nokia was an important milestone for Daimler, as it represented a significant step forward in the company`s efforts to bring autonomous driving to the market. With Nokia`s mapping technology, Daimler was able to create highly accurate maps that could be used to navigate roads and help self-driving cars operate more efficiently. The partnership demonstrated Daimler`s commitment to innovation and its willingness to work with other companies to achieve its goals.
In conclusion, Daimler`s 2017 agreement with Nokia to use its mapping technology in the development of self-driving cars was a significant step forward in the company`s efforts to bring autonomous driving to the market. With Nokia`s mapping technology, Daimler was able to create highly accurate maps that could be used to navigate roads and help self-driving cars operate more efficiently. The partnership demonstrated the company`s commitment to innovation and its willingness to work with other companies to achieve its goals.