Electric vehicle consortium, Mobility in Harmony (MIH) selected BlackBerry Limited (NYSE: BB) (TSX: BB) to provide the software foundation for its electric vehicle platform.
The company announced on Monday that the agreement gives MIH access to BlackBerry’s safety-certified product portfolio, which includes it’s real-time operating system, BlackBerry QNX and automotive AI platform, BlackBerry IVY.
The package also includes licenses for QNX middleware technologies, and engineering professional services for tasks like system-level integration, performance optimization and solution validation.
“MIH is committed to driving an open and agnostic ecosystem, with a focus that goes beyond just electric vehicles,” said Jack Cheng, CEO at MIH.
“Our ambition lies in crafting intelligent user experiences that enhance smart living and redefine the future of mobility and green logistics.”
MIH is working on an electric vehicle project it’s calling Project X tailored for Asian consumers, featuring a single-row three-seater design. The unveiling of Project X is scheduled to take place in Japan towards the end of 2023.
Additionally, MIH plans to introduce more vehicle platforms in the future, including six-seater and nine-seater vehicle options to offer a wider range of choices for consumers and encourage further innovation in the electric vehicle market.
Artificial intelligence adds new dimensions to electric vehicles
Artificial intelligence offers the ability to process vast amounts of data and make real-time decisions, which complement the development of EVs in multiple ways.
In electric vehicles, AI is used for advanced driver assistance systems (ADAS), enabling features such as adaptive cruise control, lane-keeping assistance and automated parking. Addtionally, AI plays a pivotal role in optimizing battery performance and range by predicting charging patterns, managing power usage and enhancing energy efficiency.
According to market firm, Statista, the EV market is poised for significant growth, with projected revenue reaching USD$561.3 billion in 2023. This growth is anticipated to continue at a compound annual growth rate of 10.07 per cent driving the market volume to an estimated US$906.70 billion by 2028.
Key player in this market include Tesla Inc. (NASDAQ: TSLA), Chinese multinational automobile manufacturer, NIO Inc. (NYSE: NIO) and Rivian Automotive Inc. (NASDAQ: RIVN).