Aptiv to get self-driving cars on the road at CES this year
Aptiv, the self-driving technology giant formerly called Delphi Automotive, is eager to get its self-driving cars on the road – so eager that it plans to achieve it this year! But don’t get out your wallets just yet: the cars won’t be for sale – they’re just being demonstrated at this year’s Consumer Electronics Show (CES).
Over the last year, Aptiv’s share price has rise by 55%
SOURCE: Yahoo Finance
The company, working with ride-hailing giant Lyft, will make self-driving cars available to take attendees round the block between January 9 and 12. The car in question is the BMW 5 Series, and there will be a driver present to ensure that passengers are safe as they’re ferried between more than 20 destinations in the City. It might not be the first self-driving car on the market yet, but this marks the most engaged the public has had the opportunity to be with autonomous vehicles.
Aptiv has big plans for its self-driving technology, and has said it wants to get the system “scaled for production” in 2019. Of course, there are plenty of competitors out there – most notably Google spinoff Waymo. But right now, Aptiv is the only one of the big players with a concrete timeline in public – will it beat its rivals to the punch? If so, the benefits could be huge.
Dominion holds Aptiv in its Global Trends Managed Fund.
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