SAE Update - March 2023 - 20

TECH FOCUS:
ADAS & AUTOMATED VEHiClES
2022 a mixed bag for the AV sector
fraction of the originally expected
valuation. When Intel announced
plans for a Mobileye public
offering in December 2021, it was
targeting a valuation of $50 billion
to help raise funds for new chip
foundries. By the time of the IPO
in October 2022, the valuation was
about $16 billion, barely more than
Intel paid for Mobileye in 2017.
Unlike virtually all companies in
the automated-driving sector,
Mobileye was at least profitable
thanks to its driver assistance
business where it is still the
dominant player in vision
systems.Argo AI which was 80%
owned by Ford and Volkswagen,
didn't make it that far. The
Pittsburgh-based startup was just
beginning to pilot public robotaxi
services in Miami, Florida and
Austin, Texas. It needed to raise
significant capital to scale its
operations as it approached
commercialization. Ford had
already decided that a profitable
robotaxi and delivery business
was too far down the road amid
the need to invest $50 billion in
vehicle electrification in the near
term. Volkswagen decided that
China, where Argo had no
presence, was a better
opportunity and formed a joint
venture there with Horizon
20
March 2023

A Waymo automated vehicle operating in San Francisco.
Robotics.
With extremely limited revenue, the prospects for a
2022 IPO were extremely poor. Argo instead hunted for
new private investors. Bloomberg reported that a
potential deal for Amazon to invest in Argo collapsed
when Ford and VW couldn't reach an agreement on
governance of the company with Amazon involved.
Rather than go forward, the decision was made to
shutter Argo instead.
While other AV companies like Nuro are cutting staff
to save money, the news isn't all bad. Cruise launched
driverless robotaxi services in San Francisco in June
2022 and by December was running more than 100
driverless vehicles concurrently by the end of the year.
The GM-backed company announced plans to add
driverless public service in Austin and Phoenix, Arizona,
by the end of 2022. It plans to add operations in more
cities in 2023.
Waymo is also conducting driverless tests in San
Francisco and announced plans to do the same in Los
Angeles. Motional is cutting some staff but announced
plans to add robotaxi services in Los Angeles as part of
a multi-city driverless service launch in 2023.
Going forward, we'll likely see a smaller but hopefully
more stable AV sector as it slowly gains traction
UPDATE

https://www.youtube.com/watch?v=hA_-MkU0Nfw

SAE Update - March 2023

Table of Contents for the Digital Edition of SAE Update - March 2023

SAE Update - March 2023 - Cov1
SAE Update - March 2023 - Cov2
SAE Update - March 2023 - 1
SAE Update - March 2023 - 2
SAE Update - March 2023 - 3
SAE Update - March 2023 - 4
SAE Update - March 2023 - 5
SAE Update - March 2023 - 6
SAE Update - March 2023 - 7
SAE Update - March 2023 - 8
SAE Update - March 2023 - 9
SAE Update - March 2023 - 10
SAE Update - March 2023 - 11
SAE Update - March 2023 - 12
SAE Update - March 2023 - 13
SAE Update - March 2023 - 14
SAE Update - March 2023 - 15
SAE Update - March 2023 - 16
SAE Update - March 2023 - 17
SAE Update - March 2023 - 18
SAE Update - March 2023 - 19
SAE Update - March 2023 - 20
SAE Update - March 2023 - 21
SAE Update - March 2023 - 22
SAE Update - March 2023 - 23
SAE Update - March 2023 - 24
SAE Update - March 2023 - 25
SAE Update - March 2023 - 26
SAE Update - March 2023 - 27
SAE Update - March 2023 - 28
SAE Update - March 2023 - 29
SAE Update - March 2023 - 30
SAE Update - March 2023 - 31
SAE Update - March 2023 - 32
SAE Update - March 2023 - 33
SAE Update - March 2023 - 34
SAE Update - March 2023 - 35
SAE Update - March 2023 - 36
SAE Update - March 2023 - 37
SAE Update - March 2023 - 38
SAE Update - March 2023 - 39
SAE Update - March 2023 - 40
SAE Update - March 2023 - 41
SAE Update - March 2023 - 42
SAE Update - March 2023 - 43
SAE Update - March 2023 - 44
SAE Update - March 2023 - 45
SAE Update - March 2023 - 46
SAE Update - March 2023 - 47
SAE Update - March 2023 - 48
SAE Update - March 2023 - 49
SAE Update - March 2023 - 50
SAE Update - March 2023 - 51
SAE Update - March 2023 - 52
SAE Update - March 2023 - 53
SAE Update - March 2023 - 54
SAE Update - March 2023 - 55
SAE Update - March 2023 - 56
SAE Update - March 2023 - 57
SAE Update - March 2023 - 58
SAE Update - March 2023 - 59
SAE Update - March 2023 - 60
SAE Update - March 2023 - 61
SAE Update - March 2023 - 62
SAE Update - March 2023 - 63
SAE Update - March 2023 - 64
SAE Update - March 2023 - 65
SAE Update - March 2023 - 66
SAE Update - March 2023 - 67
SAE Update - March 2023 - 68
SAE Update - March 2023 - 69
SAE Update - March 2023 - 70
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