Nio Inc (NIO)

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Nio collaborates with NXP to leverage 4D imaging radar
By: Investing.com | May 2, 2023

Premium electric vehicle maker Nio Inc. (NYSE:NIO) announced alongside NXP Semiconductors N.V. (NASDAQ:NXPI) on Tuesday that the Chinese automaker will leverage NXP’s leading automotive radar technology, including its ground-breaking imaging radar solution.

With NXP’s lates 4D imaging radar, cars will be able to detect and classify objects such as other vehicles and vulnerable road users in highway and complex urban scenarios and at distances of up to 300m, bringing more safety to the roads and driving comfort for end users.

NXP’s imaging radar technology expands radar’s capabilities from measuring range and speed, to include direction, angle of arrival, and elevation measurement. The technology is a key step in improving road safety and saving lives, it allows the car to ‘see’ a motorcycle driving close to a large delivery truck or a child entering a roadway between parked cars.

“NIO is committed to providing users with a vehicle experience that exceeds expectations. Carmakers developing high-level, assisted intelligent driving experiences is a key element of that,” said Kevin Pan, Assistant Vice President of NIO Supply Chain Development. “Together with NXP, we’ll be able to take the next step toward improving driver experiences.”

“NXP’s imaging radar technology offers high-resolution object and feature detection for precisely mapping the car’s surroundings, enabling carmakers to deliver improved ADAS and autonomous driving features,” stated Torsten Lehmann, EVP and GM, Radio Frequency Processing, NXP. “NIO’s decision to adopt NXP 4D imaging radar technology is a testament to its differentiating performance and efficiency.”

Shares of NIO are down 5.33% in afternoon trading on Tuesday, while shares of NXPI are up 3.14%.

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