Li Auto, a Chinese electric vehicle (EV) producer, is set to capitalize on the power of artificial intelligence (AI) through a new partnership with Nvidia. The collaboration aims to propel the next phase of autonomous driving by leveraging Nvidia’s DRIVE Thor, a cutting-edge centralized car computer.
Although Li Auto has previously utilized Nvidia’s technology in its vehicles, the latest system, Drive THOR, promises to be even more advanced, paving the way for a driverless future. This collaboration comes as Li Auto seeks to rebound from a challenging period and regain its lost ground in 2023.
Despite the potential of the Nvidia partnership, the news has not yet boosted LI stock, with shares currently down 3%. However, this decline appears to be driven by overall market conditions affecting Chinese EV stocks like Nio and XPeng.
Last week, Li Auto experienced a drop in stock value due to a delay in a significant EV launch. To regain investor confidence, Li Auto needs a positive development, and the partnership with Nvidia could be just that. Drive THOR, described as the “next-generation centralized car computer,” encompasses essential functions in a single AI computing platform.
Xinzhou Wu, Vice President of Automotive at Nvidia, highlighted the growing trend of the transportation industry embracing centralized compute for autonomous driving. Wu emphasized that automakers are increasingly turning to advanced AI systems like DRIVE Thor for their future vehicle roadmaps.
For investors considering LI stock, its current low levels present a potentially attractive entry point, especially as the EV market is expected to improve in 2024. Additionally, Li Auto’s highly anticipated MEGA multi-purpose vehicle, scheduled for release in March, could further drive sales when integrated with Nvidia’s cutting-edge technology.
Li Auto’s partnership with Nvidia positions the company favorably for the coming year, with the expectation of rising stock value as they introduce AI advancements into their vehicles. As market conditions improve and EV stocks make a comeback, Li Auto stands to benefit from this progressive collaboration.
The source of the article is from the blog zaman.co.at