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Toyota Motor Corporation (NYSE:TM) has partnered with Beijing-based artificial intelligence startup Momenta to commercialize its high definition road map for automated vehicles, the Nikkei Asian Review reported Wednesday.
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"With this joint development, both companies aim to promote the commercialization of Toyota's automated mapping platform in the China market to better serve Chinese customers," Momenta said in a statement, according to the Nikkei.
Toyota Research Institute has been developing the "Automated Mapping Platform" or AMP for self-driving vehicles to improve navigation accuracy.
The Japanese automaker on Tuesday announced a separate partnership with Tokyo-based Dynamic Map Platform Co. Ltd., where the two will work on a "proof of concept" on implementing the technologies of the two companies in automated vehicles.
"The conventional approach detects lane-level changes through on-site surveys using expensive survey vehicles and typically based on planned road construction notices," Toyota said in a statement.
"In this PoC, TRI-AD's image recognition technology automatically detects changes based on image data collected by commonly available cameras."
The HD maps are a lower-cost method of determining navigation compared to the laser-based radar systems that Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOGL) subsidiary Waymo and startup Pony.ai use, the Nikkei noted.
Momenta said that the company intends to pursue "both mass-production passenger vehicles and full autonomy for a mobility service vehicle," and the Toyota partnership with play an "important role" in that direction.
The startup was founded in 2016 by former Microsoft Corporation (NASDAQ:MSFT) researcher Cao Xudong.
Price Action
Toyota's stock closed 9.58% higher at $118.89 in New York on Tuesday. The shares traded 4.51% higher at $62.06 at press time in Tokyo.
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