#AIEye #Podcast 503: Telus (NYSE: $TU) Accelerates Partnership with Loop Insights (TSXV: $MTRX.V) and NIO Limited (NYSE: $NIO) Reports 2020 Delivery Results
Global ADAS and Autonomous Driving Components Market to Grow by $13.2 Billion from 2019-2023
Point Roberts WA, Vancouver BC – January 4, 2021 – Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of The AI Eye- watching stock news, deal tracker and advancements in artificial intelligence
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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence
Stocks discussed: (NYSE:TU) (TSXV:MTRX) (NYSE:NIO)
Telus Corporation (NYSE:TU) is accelerating its partnership with IoT partner Loop Insights Inc. (TSXV:MTRX), a provider of contactless solutions and AI, by “launching a direct and indirect national sales & marketing campaign showcasing Loop’s IoT solutions stack.” The former is launching “an expanded sales & marketing campaign through The Acquisition Group,” which will focus on “the material benefits from both Loop’s venue tracing solution in support of limiting controlling and eradicating the threat of COVID-19; and the customer intimacy benefits from Loop’s Fobi device as a means of stimulating the market opportunity for these key verticals.” Loop Insights CEO Rob Anson, said:
“It has been a great experience working with the TELUS team and the great support we have received since we officially started working together in October. Today’s commitment to significantly expanded sales and marketing is a great show of confidence and even greater validation of our capabilities. Since the launch of our second product in the Telus IoT Marketplace in December, there has been a great level of interest in our product line and we are looking forward to a very strong roll out now with the addition of The Acquisition Group.”
NIO Limited (NYSE:NIO), an innovator in autonomous driving and AI, has provided its December, fourth quarter and full year 2020 delivery results. According to the press release, the company delivered 7,007 vehicles in December 2020, which set a new monthly record indicating year-over-year growth of 121 percent. William Bin Li, founder, chairman, and CEO of NIO, gave an idea of what to expect from the company moving forward:
“At the fourth NIO Day scheduled on January 9th, 2021, we will unveil our new sedan model and share the latest development of our autonomous driving and other core technologies. Aspired by the spirit of 'Always Forward,' the theme of the upcoming NIO Day, we will continue investing in the smart EV technologies, accelerating our new products development, broadening our sales and service network, and striving for the best holistic experiences for our growing user community in 2021 and beyond.”
Global ADAS and Autonomous Driving Components Market to Grow by $13.2 Billion from 2019-2023
A report published by Technavio finds that the global Automotive ADAS (advanced driver-assistance systems) and autonomous driving components market will grow by more than $13.2 billion from 2019-2023 with a compound annual growth rate (CAGR) of over 23 percent. An excerpt from the report snapshot outlines trends expected to promote growth in the market:
The growing popularity of [the] sensor fusion concept among OEMs for luxury vehicles is a critical factor behind the growth of the market over the next five years. The prioritization of automotive safety in the automotive industry will drive the automotive ADAS and autonomous driving components market to grow at a CAGR of over 23% during the forecast period.
Sam Mowers, Investorideas.com
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