05:44 AM EDT, 04/03/2024 (MT Newswires) -- Ambarella ( AMBA ) and SANY Group said Wednesday that they have agreed to collaborate on advanced mobility services, with SANY using Ambarella's ( AMBA ) CV3-AD family of automotive artificial intelligence domain controller systems-on-chip in developing advanced automated driving features for its vehicles.

The companies said they will also collaborate on developing highly integrated automated driving services, targeting to start production of their first collaborative vehicle model by 2025.

No financial terms were disclosed.

Price: 50.09, Change: +1.12, Percent Change: +2.29