Comment on Israeli autonomous technology developer Innoviz is entering China’s car market

Jonathan Shieber, TechCrunch
Wed, 06/06/2018 - 3:34am

Israeli autonomous technology developer Innoviz is entering China’s car market

Innoviz, a developer of light detection and ranging technologies for computer vision and autonomous vehicles, is getting a toehold in China, the world’s fastest growing auto market, through a partnership with the Chinese automotive supplier HiRain Technologies. From offices in Beijing, Chicago, Detroit, Shanghai, Tianjin HiRain serves as a global supplier to some of China’s largest automakers and has already been a gateway to success for another Israeli company developing sensing technology for vehicle manufacturers — Mobileye . That company has half of its business coming from China and has won 9 of its supplier agreements with different automakers in the country through its HiRain partnership, according to people with knowledge of the company. For the three year old Innoviz, the opportunity to expand its list of suppliers to include one of China’s leaders was too good of an opportunity to pass up, said chief executive officer Omer Keilaf. “China is helping lead the way towards the autonomous vehicle future, and HiRain is one of the most influential companies in the Chinese automotive industry.

 

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