Aptiv expands capabilities with Las Vegas technical centre; announces autonomous driving “milestone”
Aptiv, the auto-maker that’s driving trends vehicular trends like self-driving and electrification, made an announcement this week that it says constitutes a “milestone” in autonomous driving: the opening of its 130,000 square foot technical centre in Los Vegas. The Vegas premises will join those in Boston, Singapore and Pittsburgh, as a major state-of-the-art, all inclusive, facility for “vehicle operations, research and development, data management and technology demonstrations”.
Aptiv’s share price has dropped by 1% over the past five days
Source: Yahoo Finance
Aptiv is a market-leader in the components for self-driving and electrification spaces. It’s also something of a rarity as, unlike other companies focussing on the trend, it’s already generating revenue from autonomous vehicles. Las Vegas is home to the company’s most visible efforts in this regard, as it runs a fleet of self-driving cars with ride hailing business Lyft. The cars Lyft operates compose a part of Aptiv’s largest fleet of autonomous vehicles, based in Vegas.
Karl Iagnemma, Aptiv’s president of autonomous mobility, said: “With more than one million autonomous miles logged globally, Aptiv's commercial AV pilots have proven our ability to launch, build and scale a successful, end-to-end autonomous mobility solution. The investment in our Las Vegas Technical Center gives us the ability to further advance the efficiency of our operations, gather key commercial AV learnings, and enhance safety operator training. We are proud to be setting the stage for future deployments, as we expand to more passengers in more cities around the world.”
Dominion holds Aptiv in its Global Trends Managed Fund.
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