Sumitomo Electric and NEC Corporation have begun collaborating in the mobility business, including planning and development of automotive components.
The collaboration between the two companies started with vehicle connectivity support business using networks.
The two companies will now plan, develop, demonstrate, and commercialize hardware and software for in-vehicle and transportation infrastructure systems by capitalizing on their cutting-edge artificial intelligence (AI) and Internet of Things (IoT) technologies, while expanding the business in stages.
Recent advancements in IoT technologies have accelerated the creation of business opportunities by seamlessly connecting networks both in and outside of vehicles. Moreover, autonomous driving and car sharing have increased the demand for safe, secure and efficient services utilizing AI.
Sumitomo Electric has been developing and manufacturing a wide range of products that support an advanced society and its stable growth, such as vehicle mobility, including in-vehicle components and traffic control systems for traffic infrastructure.
Sumitomo Electric views its role in connecting these products to the Internet and enhancing thier security as a social responsibility.NEC has an accomplished history of focusing on the social solutions business while leveraging its portfolio of cutting-edge AI technologies, NEC the WISE, as well as advanced technologies, products, and services, including its IT infrastructure and cloud platforms.
NEC also develops software for these products and services, in addition to technologies and solutions to achieve high levels of security. The two companies will take full advantage of their strengths to develop AI- and IoT-based connectivity products with advanced security and to expand mobility business.
The Sumitomo Electric Group will promote research and development in the mobility business focusing on the interface between people and vehicles to help create a safe, secure and comfortable future.