Pioneer Corporation has agreed with HERE to enter into and develop a strategic partnership to enable global mapping solutions and next generation location-based services for the automotive and other industries, and has continued discussion with HERE Technologies on specific measures of such alliance thereafter. On June 26, 2017, Increment P Corporation (IPC), which is a wholly-owned subsidiary of Pioneer and operates map business, and HERE Technologies signed definitive agreements with the aim of enabling global mapping solutions for the autonomous driving era. Further to these agreements, Pioneer and HERE Technologies agreed that they also plan to develop a map-based accident prediction platform and an ADAS solution for the global telematics insurance market, which aims enhancing driver safety.
Purpose of and Reason for the Business and Capital Alliance
In developed markets, initiatives in anticipation of the coming autonomous driving society, such as creating more advanced and sophisticated cars, are being accelerated. In response to the diverse needs of customers and great changes towards the autonomous driving society, Pioneer is pursuing its growth strategies tailored to the business characteristics of each of our business pillars of the customer market, OEM, and map and autonomous driving. targeting to become a leading company in “Comprehensive Infotainment” that creates comfort, excitement, reliability and safety in vehicles.
Among these, in the map and autonomous driving field business, Pioneer proceeds with production of HD (high definition) mapping data in Japan and aims to expand the map business in the ASEAN region. Furthermore, for realization of autonomous driving, Pioneer will strive to become an “essential company” toward the realization of
autonomous driving by developing three dimensional driving space sensors named “3D-LiDAR” and a “data ecosystem” with map data for autonomous driving.