Foxconn invests $10 million in Autotalks
23 November, 2021
Signed a strategic collaboration agreement to promote the use of Autotalks' V2X chipset and technologies for safer mobility
Foxconn Interconnect Technology (FIT), a subsidiary of Foxconn (Hon Hai Technology Group), the world’s largest electronics manufacturer, announced investment of $10 million in Autotalks, a strategic collaboration agreement between the two companies. The joint micro-mobility activity will start this year, on the basis of Autotalks’ ZooZ micro-mobility platform which was recently launched.
ZooZ platform is composed of a ZooZ device installed on the bike or scooter, alerting when a V2X vehicle is endangering the cyclist, and a ZooZ smart sign, lighting up when a ZooZ device is approaching an intersection. The joint automotive activity will start early next year. Autotalks provides V2X (Vehicle-to-Everything) chipset to allow direct communication between vehicles and all other road users, without using the cellular network.
Each unit transmits ten times per second its location, speed, and heading. Each unit receives messages from other road users, analyzes those locally, and detects a risk if exists. The communication is range is more than 300 meter in dense urban areas and more than 1 kilometer on highways. “We see Autotalks as the provider of the world’s most trusted V2X solution,” said Thomas Fann, Special Assistant to Chairman at FIT.