HMI/Ohmio enter $20m investment deal in China

ITS provider HMI Technologies and its subsidiary Ohmio will develop a manufacturing plant for autonomous vehicles and an artificial intelligence transport research centre in the Heshan, China. The project is part of a $20m agreement with the city’s Industrial City Management Committee and will commence from 1 July.
June 20, 2018 Read time: 1 min
ITS provider 8502 HMI Technologies and its subsidiary Ohmio will develop a manufacturing plant for autonomous vehicles and an artificial intelligence transport research centre in the Heshan, China. The project is part of a $20m agreement with the city’s Industrial City Management Committee and will commence from 1 July.

 
Dean Zabrieszach, CEO of HMI Technologies/Ohmio, says the agreement will allow Ohmio to meet mass production requirements and boost the company’s research activities in establishing an autonomous platform solution.

Networking & Communication Systems

For more information on companies in this article

Related Content

  • Joi Dean: "I believe that we can always figure out a solution to things"
    December 11, 2023
    Joi Dean, CEO of the Richmond Metropolitan Transportation Authority, has been appointed second vice president of IBTTA for 2024. Adam Hill finds out about what drives her to leave a legacy
    Read More
  • Australia AIM(E)S high
    August 21, 2018
    A technical tour of the Australian Integrated Multimodal Eco-System (AIMES) living laboratory electrified ITS Australia’s 2018 National Electronic Tolling and Charging Conference in Melbourne. Based at the University of Melbourne’s School of Engineering, AIMES had, by early in the year, achieved interconnection of 15 traffic intersections in the city. Since going live in April 2017, the lab has been collecting data on public, private, freight and active transportation to support strategic decision-making o
    Read More
  • VTT appoints autonomous systems subsidiary CEO
    November 15, 2019
    VTT has appointed Jere Laaksonen as CEO of a new subsidiary aimed at developing autonomous systems. The company says VTT Sense Way will provide autonomous systems for transport, logistics and mobile work machines. VTT’s CEO Antti Vasara says the company is looking for solutions to tackle challenges such as resource sufficiency and industrial renewal. “We want to ensure that the results of cutting-edge research reach the markets and become a part of the business world and people’s everyday lives more rapi
    Read More
  • Aptiv and Hyundai to develop AV tech
    September 27, 2019
    Dublin-based Aptiv has partnered with South Korean automotive manufacturer Hyundai Motor to develop SAE Level 4 and 5 autonomous vehicle (AV) technologies. Aptiv says the joint venture will begin testing fully autonomous systems in 2020 and have an autonomous driving platform available for robo-taxi providers, fleet operators and automotive manufacturers in 2022. As part of the deal, Aptiv is dedicating around 700 employees to develop AV solutions. Hyundai and its affiliates Kia Motors and Hyundai M
    Read More

Highlighted Content