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Valeo strikes deal to deliver driving assistance systems to BMW's electric vehicle platform

BY Reuters
— 2:17 AM ET 06/28/2022

PARIS (Reuters) - French car parts company Valeo said on Tuesday it had won a major contract with BMW to equip the German carmaker's upcoming electric vehicle platform with its advanced driving assistance systems.

The platform, on which BMW is planning to build up its bestselling 3 series sedan among other models, is a core part of the carmaker's strategy to reach a 50% share for electric vehicles in its global sales by 2030.

Valeo said it would provide the ADAS domain controller, sensors and software for parking and maneuvering for BMW's platform generation called "Neue Klasse"*, due to launch in 2025.

Valeo added that the system being developed by Valeo, BMW and Qualcomm (QCOM) will be able to obtain real-time mapping and understanding of the car's surroundings as well as the interior of the vehicle.

(Reporting by Sudip Kar-Gupta; Editing by Tassilo Hummel)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

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