JAC and Black Sesame will build an intelligent driving platform based on the latter's HuaShan-2 A1000 autonomous driving computing chip for the Sehol family of vehicles.
(Image credit: NIO Capital)
NIO Capital said today that its portfolio company Black Sesame Technologies has entered into a strategic partnership with Anhui Jianghuai Automobile Group Corp (JAC Group).
The two companies will jointly build an intelligent driving platform based on Black Sesame's HuaShan-2 A1000 autonomous driving computing chip and supporting algorithms.
The platform will be used in JAC's Sehol series of vehicles and will also be upgraded based on Black Sesame's next-generation chips, according to NIO Capital.
(JAC Group Chairman Xiang Xingchu (left) and Black Sesame Founder and CEO Shan Jizhang attend a signing ceremony.)
Sehol is a brand of cars from Volkswagen Anhui, a joint venture between JAC and Volkswagen China, established in 2018.
JAC and Black Sesame also plan to further explore close collaboration at the capital level, according to a press release from NIO Capital.
JAC is the vehicle production partner of NIO, whose vehicles are produced at the JAC-NIO Advanced Manufacturing Base in Hefei, Anhui province.
Founded in August 2016 with R&D centers in Shanghai and Silicon Valley, Black Sesame received Series A funding from Northern Light Venture Capital in November 2016.
In January 2018, Black Sesame announced the completion of a strategic Series A+ financing round of nearly RMB 100 million, led by NIO Capital.
At the end of July last year, Black Sesame said its self-driving chip, the A1000 Pro, taped out, setting a new record for the computing power of such a chip built by a local Chinese company.
The A1000 Pro is based on the company's A1000 chip and is optimized to reach 106 TOPS and up to 196 TOPS, Black Sesame said.
The HuaShan-2 A1000 series chips are currently the most powerful self-driving computing chips in China, and have completed all required certifications for mass production, according to the press release from NIO Capital today.