Luokung Technology Corp. (LKCO) has experienced an increase of 3.27% in the premarket after signing a cooperation agreement with Microsoft. However, the last trading session closed at $1.5 with an incline of 11.94%.
LKCO Announces eMapgo Signs Cooperation Agreement with Microsoft
LKCO reported on 16th September 2021 that it has linked a collaboration deal with Microsoft to offer autonomous driving services for manufacturers.
EMG will collaborate with Microsoft to provide automakers with services such as data collecting, storage, and analysis. This will help automakers, deploy autonomous driving technology more quickly in China.
EMG and Microsoft want to leverage their respective experience in each of their disciplines to establish a tight partnership. This tackles the market potential provided by autonomous driving in China. A European vehicle manufacturer and a US car manufacturer have previously signed service contracts with EMG. These agreements should go into effect in the following months.
Luokung Announces eMapGo to Provide Community Information Management
LKCO officially confirmed on 13th September 2021 that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. has signed an agreement to be the technical service provider. This contract will last through December 31, 2022.
Luokung’s first new telecommunications client since launching its Internet LBS B2B business, which the company has been aggressively growing since its acquisition of EMG, is Heilongjiang Mobile. Luokung’s Internet LBS B2B enterprise combines the complete vector technology of the Luokung Super Engine with the accuracy map data capabilities of EMG. In many sectors and commercial contexts, the Company has developed a range of B2B LBS services and solutions.
LKCO Announces eMapGo to Provide Autonomous Driving Data Services
LKCO confirmed on 7th September 2021 that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. has entered into an agreement to provide autonomous driving data services for Zenseact. The company is focusing on the development of autonomous driving systems.
Zenseact plans to commercialize the autonomous driving platform. It also wants to establish real-world autonomous safety benchmarks. This is done to improve the dependability of its own products as a future step.
EMG is China’s top producer of HD Maps for autonomous vehicles. In China, the firm was the driving force behind the establishment of industry standards for EMG to serve a number of reputable customers. It also provides services such as mass production of autopilot high-precision maps for various automotive manufacturers and Tier 1 suppliers.