Technology
Automation Market in Textile Industry to Grow by USD 775.92 Million (2024-2028) as AI Powers Market Evolution, Facility Upgrades Boost Energy Efficiency – Technavio
Published
1 year agoon
By
NEW YORK, Nov. 20, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global automation market in textile industry size is estimated to grow by USD 775.92 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 3.75% during the forecast period.Upgrading industrial facilities to improve energy efficiency is driving market growth, with a trend towards use of erp solutions in textile manufacturing plants. However, shortage of skilled workforce poses a challenge.Key market players include ABB Ltd., ATE Pvt. Ltd., Baumuller Nurnberg GmbH, BrainChild Electronic Co. Ltd., CLD Automation, Cotmac Electronics Pvt. Ltd., Delta Electronics Inc., Festo SE and Co. KG, Hitachi Ltd., Honeywell International Inc., KUKA AG, Lenze SE, Niagara Automations, Parker Hannifin Corp., Rockwell Automation Inc., SAURER AG, Schneider Electric SE, SIEGER SPINTECH EQUIPMENTS Pvt. Ltd., Siemens AG, and Yaskawa Electric Corp..
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Automation Market In Textile Industry Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 3.75%
Market growth 2024-2028
USD 775.92 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
2.96
Regional analysis
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 44%
Key countries
US, China, India, Pakistan, and Germany
Key companies profiled
ABB Ltd., ATE Pvt. Ltd., Baumuller Nurnberg GmbH, BrainChild Electronic Co. Ltd., CLD Automation, Cotmac Electronics Pvt. Ltd., Delta Electronics Inc., Festo SE and Co. KG, Hitachi Ltd., Honeywell International Inc., KUKA AG, Lenze SE, Niagara Automations, Parker Hannifin Corp., Rockwell Automation Inc., SAURER AG, Schneider Electric SE, SIEGER SPINTECH EQUIPMENTS Pvt. Ltd., Siemens AG, and Yaskawa Electric Corp.
Market Driver
The textile industry is experiencing significant automation trends that are revolutionizing textile processing, from raw material upgrading at the blow room line to finishing line operations. Automated systems are boosting process efficiency and effectiveness, with innovations like automatic curling, autolevellers, and automated spinning. Sizing, weaving, and dyeing processes are also being transformed with technologies like shuttleless looms, Investa air jets, and aerodynamic systems. Practical automation is key in textile manufacturing, from knitting and dyeing to garment assembly. Robotics, sensors, and artificial intelligence algorithms are driving production efficiency, product quality, and operational flexibility. Faster turnaround times, customization, and sustainability are becoming increasingly important, with technology advancements in digital printing technologies, color accuracy, design flexibility, and environmental sustainability. Textile manufacturers are investing in modern technology to optimize production, reduce energy consumption, and minimize waste. Financial planning and compatibility with existing IT infrastructure are crucial considerations. Workforce displacement, data security, and intellectual property rights are also key concerns. Overall, automation is transforming the textile industry, from traditional production methods to high-quality goods in apparel, home textiles, technical textiles, and industrial textiles.
Enterprise Resource Planning (ERP) software is a valuable tool for textile manufacturers, streamlining business operations across finance, human resources, production, supply chain, services, and purchasing. ERP solutions enhance communication and data exchange between departments, reducing approval times and boosting departmental efficiency. By coordinating business functions, textile plants can minimize miscommunication and improve overall productivity. ERP systems are increasingly popular in the textile industry due to their ability to optimize resources and automate processes.
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Market Challenges
The textile industry is undergoing a significant transformation with the adoption of automation in various processes. Challenges such as raw material upgrading at the blow room line and finishing at the finishing line are being addressed through process boosting and effective carding. Automatic curling, autolevellers, and spinning are being automated for improved production efficiency and product quality. Investment in automated systems for sizing, shuttleless looms, and aerodynamic systems is on the rise. Innovative automation in weaving, multiphase weaving, heat recuperation, and exhaust air purification is optimizing textile manufacturing. Dye houses are adopting practical automation for environmental safe dyeing using AI algorithms and digital printing technologies. Knitting, dyeing, and finishing operations are being streamlined with robotics, sensors, and fabric inspection for faster turnaround times and customization. Technology advancements in textile manufacturing include AI for production optimization, smart textiles, wearable technologies, and electronic components. Sustainability is a key focus with resource utilization, waste minimization, energy consumption, and environmental impact reduction. Investment cost, compatibility, integration, IT infrastructure, workforce displacement, data security, and intellectual property rights are important considerations in automating textile production facilities. Training and upskilling programs are essential for workforce adaptation to modern technology. The automation market is driving the textile industry towards higher productivity, customization, and production of high-quality goods in apparel, home textiles, technical textiles, and industrial textiles.Textile manufacturing facilities face a significant challenge in finding enough skilled workers to operate their automated systems. Reports indicate that there were over 63,000 unfilled apprenticeship or training positions in Germany alone in 2021. These facilities require a workforce capable of managing various hardware and software components. However, providing extensive training to existing staff is time-consuming and costly, potentially leading to production downtime. The scarcity of skilled labor in the textile industry necessitates a reevaluation of workforce development strategies to ensure efficient and effective operation of automated systems.
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Segment Overview
This automation market in textile industry report extensively covers market segmentation by
Component 1.1 Field devices1.2 Control devices1.3 CommunicationSolution 2.1 Hardware and software2.2 ServicesGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa
1.1 Field devices- The textile industry’s automation market experienced significant growth in 2022, with the field devices segment leading in revenue generation. Comprising motors, drives, valves, and actuators, these devices are essential for controlling machinery functions and the dyeing process. Their extensive use results in high replacement rates, driving sales. As the textile industry continues to upgrade facilities, demand for automation solutions, particularly field devices, is expected to increase, fueling market expansion. These devices are fundamental to the industry, and their demand is projected to rise throughout the forecast period due to ongoing investments in the industrial sector.
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Research Analysis
The automation market in the textile industry is witnessing significant growth due to the increasing demand for high-quality, efficient, and sustainable textile production. Automation in textile processing includes various stages such as blow room line, finishing line, ginning, carding, drawing, and spinning. Automation in raw material upgrading through processes like autolevellers and sensors enhances resolution and reduces wastage. Robotics and automation in knitting, dyeing, and garment assembly increase factory production and improve product consistency. Process boosting technologies like automatic curling and resolution control optimize energy usage and improve product quality. Overall, automation in textile processing leads to the production of high-quality goods while reducing production costs and enhancing sustainability.
Market Research Overview
The automation market in the textile industry is experiencing significant growth due to the integration of advanced technologies such as Blow room lines, Finishing lines, and automated systems in various textile processing stages. These automated solutions are revolutionizing textile manufacturing by boosting process efficiency, effective raw material upgrading, and optimizing production. Automation is transforming textile processing through innovative technologies like automatic curling, Autolevellers, and shuttless looms. Investa air jet technology and traveling future are leading the way in heat recuperation and exhaust air purification, ensuring environmental safety. Textile finishing operations are being automated with practical solutions, including sizing, dye houses, and optimization of color accuracy and design flexibility. Digital printing technologies and AI algorithms are enhancing production efficiency, product quality, and operational flexibility. The textile industry is embracing automation for apparel, home textiles, technical textiles, and industrial textiles, resulting in faster turnaround times, customization, and resource utilization. Technology advancements, such as smart textiles and wearable technologies, are integrating electronic components and sensors for enhanced functionality. Investment in automation requires careful financial planning, compatibility with existing IT infrastructure, and consideration of workforce displacement, data security, and intellectual property rights. The future of textile manufacturing lies in modern technology, resolution, and factory production, with a focus on sustainability, waste minimization, energy consumption, and environmental impact.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ComponentField DevicesControl DevicesCommunicationSolutionHardware And SoftwareServicesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/automation-market-in-textile-industry-to-grow-by-usd-775-92-million-2024-2028-as-ai-powers-market-evolution-facility-upgrades-boost-energy-efficiency—technavio-302311075.html
SOURCE Technavio
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Hexagon releases new targets at its Capital Markets Day 2026
Published
2 hours agoon
April 30, 2026By
Hexagon is the global leader in precision measurement, positioning and autonomous solutions with a serviceable addressable market of ~€38bn by 2030.Hexagon’s €3.7bn in revenue and ~17,000 employees are across three Business Areas – Manufacturing Intelligence, Infrastructure & Especial and Autonomous Solutions plus a Robotics Division currently in an investment phase.Recent portfolio actions, including the upcoming separation of Octave, the sale of the Design & Engineering business and the announced acquisition of Agate Technologies, have focused Hexagon on its strong core business in precision measurement & positioning technologies.Hexagon’s organic growth will be driven by strong end market potential and structural tailwinds, new product introductions and an operating model focused on accountability and closeness to customers.Hexagon launches new financial targets for the 2026 – 2030 period of average organic revenue growth of 4-6%, an EBITDA margin of 24-26%[1] and an EBITDA cash conversion of 90-100%. It also targets reducing Scope 1 & 2 emissions by 70% by 2030, from a 2022 baseline.
[1] EBITAC is defined as adjusted EBIT1 excluding capitalised and amortised R&D. See pages the appendix for further information
STOCKHOLM, April 30, 2026 /PRNewswire/ — Hexagon AB is hosting its Capital Markets Day today in London. At the event, President and CEO Anders Svensson, CFO Enrique Patrickson and the Presidents of Hexagon’s Business Areas will set out Hexagon’s ambitious growth strategy and its new 2026–2030 financial targets.
“Hexagon enters this new phase as a focused global leader in precision measurement and positioning, with a solutions portfolio essential to enabling industrial autonomy,” said Anders Svensson, President and CEO of Hexagon. “Our new targets reflect both the quality of our portfolio and the discipline of The Hexagon Way. With a strong leadership team and the financial flexibility to invest behind our growth priorities both organically and through synergistic acquisitions, we are well placed to deliver value creation for shareholders.”
“Today we are taking transparency to the next level — enhancing our disclosures, introducing EBITAC as our key profitability metric and providing clarity around our capital allocation priorities,” said Enrique Patrickson, CFO of Hexagon. “EBITAC is the right metric for Hexagon, a technology company with a significant R&D spend, funding market-leading product launches that drive our growth. With additional transparency comes additional accountability. We commit to drive capital allocation around R&D, M&A and Dividends with discipline and rigor.”
New sustainability targets
70% reduction in Scope 1 & 2 emissions by 2030 (from 2022 baseline)Net-zero by 2050
New 2026–2030 financial targets
Average annual organic revenue growth of 4-6%EBITAC margin in the range of 24-26%Annual cash conversion (of EBITAC) of 90-100%
A focused group focused on enabling industrial autonomy
Hexagon has undertaken significant portfolio changes, namely the upcoming spin-off of Octave and the sale of the Design & Engineering business. The resulting business is a focused global leader in precision measurement and positioning with proforma 2025 revenue of €3.7bn, EBITAC of €826m (22% EBITAC margin) and ~17,000 employees.
Hexagon is organised into three business areas – Manufacturing Intelligence, Infrastructure & Geospatial (formerly Geosystems) and Autonomous Solutions – alongside the Robotics Division, currently in an investment phase.
The overarching growth opportunity that underpins Hexagon’s long-term strategy is enabling customers to move towards true autonomy in their industrial operations.
President and CEO Anders Svensson will outline how Hexagon’s precision measurement and positioning technologies, digital twins and spatial intelligence capabilities are essential to enabling this true industrial autonomy. Hexagon holds market leadership positions across its serviceable addressable market, which is estimated to grow to ~€38bn by 2030.
Anders will also outline the key changes to Hexagon’s operating model. The Hexagon Way is an accountability-driven, decentralised model built around three strategic enablers: innovation and AI; portfolio management and M&A; and people & culture.
Central to this model is a clear accountability structure: the group’s three Business Areas are divided into 17 Divisions, each with full ownership of its financial performance and a defined strategic mandate covering three value creation priorities – Stability, Profitability and Growth.
The group-wide enablers allow Divisions to identify and execute on strategies targeted specifically to their markets and customers while drawing on the scale and resources of the broader Hexagon organisation. This balance of focused execution at the Division level and shared capability at the group level is designed to unlock each Division’s full potential and drive overall performance and shareholder value.
Hexagon’s new mid-term financial targets for 2026 to 2030 will be outlined by CFO Enrique Patrickson alongside a new financial framework including revised metric definitions designed to improve transparency, capital allocation and shareholder value creation.
The new 2026-30 through the cycle targets are:
Average annual organic revenue growth of 4–6% (CAGR 2026–2030)EBITAC margin in the range of 24–26%Annual cash conversion (of EBITAC) of 90–100%
In 2025, Hexagon achieved organic growth of 2.6%, an EBITAC margin of 22% and cash conversion (of EBITAC) of 109%.
Capital allocation
Hexagon’s capital allocation priorities are, in order: reinvestment in organic growth, value-accretive bolt-on M&A, a progressive dividend, and selective larger strategic moves where they enhance long-term shareholder value. The Group’s strong cash conversion and balance sheet provide the flexibility to pursue these priorities through the cycle.
Business Area presentations
Senior leadership from Hexagon’s Business Areas will provide additional context on strategy, markets and Business Area targets. The presenters will be:
Andreas Renulf, President, Manufacturing Intelligence Business AreaHenning Sandfort, President, Infrastructure & Geospatial Business AreaGordon Dale, President, Autonomous Solutions Business AreaArnaud Robert, President, Robotics Division
EBITAC – EBIT1 excluding capitalisation & amortisation of R&D
Hexagon is introducing EBITAC as its primary profitability measure. By immediately reflecting the full cost of R&D investments on the P&L, it will provide a tool to focus management firmly on the return on investment of R&D, go-to-market and capital investments and support performance management and capital allocation. The top end of the target EBITAC margin range (26%) was last achieved in 2021 and corresponds to the highest EBIT1 margin achieved by Hexagon in the last 5-years.
It is defined as adjusted EBIT1 excluding capitalised and amortised R&D.
Hexagon will continue to report EBIT1 (adjusted operating profit) for full transparency. A bridge between reported EBIT, EBIT1 and EBITAC and the EBITAC performance between 2024 and 2025 can be found in the appendix to this announcement.
Profitability metric bridge, 2025
Item
€M
Reported EBIT
575
Add: in year adjustments (impairments, restructuring, LTIP, PPA)
+372
EBIT1
947
Subtract: R&D capitalisation
-340
Add: R&D amortisation
+195
EBITAC
802
Subtract: in year robotics costs
+24
EBITAC (target definition)
826
Robotics – AEON, a potential global market leader in humanoid Robotics
Investment in Robotics to double from €24m in 2025 to €50m in 2026.Pilots with BMW, Schaeffler, Pilatus & Fill underway.Robotics is an exciting opportunity for significant value creation.
Due to its rapidly evolving structure Hexagon has decided to exclude Robotics from the 2026-30 financial targets and the calculation of EBITAC. This gives better visibility on the core group performance.
The financial performance of Robotics will be disclosed on a quarterly basis.
New sustainability targets
Hexagon is committed to operating responsibly for the good of the environment. It has set challenging new targets for emission reductions. Hexagon targets a 70% reduction in Scope 1 & 2 emissions by 2030 (from a 2022 baseline) and net-zero in Scope 1, 2 & 3 by 2050.
In 2025 Hexagon saw a 33% reduction in Scope 1 & 2 emissions from its 2022 baseline.
Joining instructions
The webcast will be streamed here: https://edge.media-server.com/mmc/p/d2han2qw/
FOR MORE INFORMATION, CONTACT:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com
This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 30 April 2026.
Appendix – Reconciling EBIT1 & EBITAC performance, 2025 quarterly
Metric
Q1 2025
Q2 2025
Q3 2025
Q4 2025
FY 2025
Revenue €m
961.5
1,010.5
976.0
1,053.1
4,001.2
EBIT1 €m
248.7
260.0
264.7
299.1
1,072.4
Subtract: capitalisation of R&D €m
-94.6
-94.7
-91.1
-84.1
-364.5
Add: amortisation of R&D €m
54.6
54.3
59.2
50.4
218.5
EBITAC €m
208.7
219.6
232.8
265.3
926.4
In year robotics cost €mEBIT
-4.7
-5.9
-5.6
-7.6
-23.7
EBITAC (excluding robotics costs)
213.4
225.5
238.3
272.9
950.1
EBIT1 margin %
25.9 %
25.7 %
27.1 %
28.4 %
26.8 %
EBITAC margin %
21.7 %
21.7 %
23.8 %
25.2 %
23.2 %
EBITAC margin % (excluding robotics costs)
22.2 %
22.3 %
24.4 %
25.9 %
23.7 %
Appendix – Reconciling EBIT1 & EBITAC performance, 2025 quarterly, excluding Design & Engineering
Metric
Q1 2025
Q2 2025
Q3 2025
Q4 2025
FY 2025
Revenue €m
888.2
939.4
907.1
980.3
3,715.0
EBIT1 €m
225.0
231.1
235.5
255.4
947.0
Subtract: capitalisation of R&D €m
-88.6
-88.0
-84.8
-78.3
-339.6
Add: amortisation of R&D €m
48.2
48.0
53.3
45.8
195.3
EBITAC €m
184.6
191.1
204.0
223.0
802.7
In year robotics cost €m
-4.7
-5.9
-5.6
-7.6
-23.7
EBITAC (excluding robotics costs)
189.3
196.9
209.6
230.5
826.4
EBIT1 margin %
25.3 %
24.6 %
26.0 %
26.1 %
25.5 %
EBITAC margin %
20.8 %
20.3 %
22.5 %
22.7 %
21.6 %
EBITAC margin % (excluding robotics costs)
21.3 %
21.0 %
23.1 %
23.5 %
22.2 %
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/387/4342580/4069574.pdf
Hexagon releases new targets at its Capital Markets Day 2026
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SOURCE Hexagon
Technology
Accountants Streamline Cash Flow with ezACH Direct Deposit Software
Published
2 hours agoon
April 30, 2026By
Eliminate payment delays, reduce manual errors, and gain full control with a low-cost and high-quality ACH solution built for modern accounting workflows.
REDMOND, Wash., April 30, 2026 /PRNewswire/ — Halfpricesoft.com developers understand that businesses demand faster payments and greater financial control, and now accountants are rethinking how they manage transactions. ezACH direct deposit software will simplify payment processing, accelerate cash flow, and reduce costly errors.
Clients are encouraged to download and test ezACH today to purchase to confirm compatibility.
ezACH empowers accountants to securely process electronic payments for clients, vendors, payroll, and tax obligations, all from one streamlined platform. By generating ACH files that can be uploaded directly to a bank, the software removes the need for manual payment handling and outdated processes.
“Speed and accuracy are critical in today’s financial environment,” said Dr. Ge, Founder of Halfpricesoft.com. “ezACH gives accountants the ability to process multiple payments quickly and securely, without added complexity or cost.”
Designed with flexibility in mind, ezACH allows users to manage unlimited transactions for unlimited companies at a one-time flat rate of $199.00, making it a cost-effective alternative to subscription-based payment platforms. Try it today!
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Process ACH payments for vendors, clients, payroll, and tax agenciesEliminate manual entry and reduce costly errorsImport data easily from CSV files or other Halfpricesoft applicationsHandle unlimited companies and transactions with no recurring feesMaintain full control over payment timing and processingClients can upload transactions for up to $4.99 to test compatibility
Halfpricesoft.com offers a variety of applications that will seamlessly integrate with ezACH software:
ezPaycheck: A new version of ezACH has just been released to support import CSV with ezPaycheck importing. ezCheckprinting: Business check writer for vendors, miscellaneous and draft checks. https://www.halfpricesoft.com/product_ezCheck.aspezAccounting: DIY in-house bookkeeping and payroll solution for one flat rate. https://www.halfpricesoft.com/accounting/accounting-software.asp
With a one-time cost of $199 per installation, ezACH offers long-term savings compared to subscription-based services. There are no hidden fees, and users can process unlimited ACH transactions. (Note: Banks may apply their own ACH processing fees. We recommend contacting your bank for compatibility prior to purchase).
Simplify the business operations and boost efficiency with the powerful, all-in-one solutions fromHalfpricesoft.com. To save both time and money, get started today at HalfPriceSoft.com for no cost or obligation
About Halfpricesoft.com
Halfpricesoft.com has been delivering affordable, reliable business software solutions for over 20 years. Its suite of products, including payroll, accounting, check printing, tax filing, and ACH deposit software, helps small businesses, accountants, and nonprofits streamline operations and reduce costs. Trusted by thousands nationwide, Halfpricesoft.com remains committed to simplifying financial management with powerful, budget-friendly tools.
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Neusoft Smart Go and Tencent Cloud Forge Strategic Partnership to Build a New AI-Powered Intelligent Cockpit Ecosystem
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2 hours agoon
April 30, 2026By
BEIJING, April 30, 2026 /PRNewswire/ — At Auto China 2026, Neusoft Smart Go, a subsidiary of Neusoft Corporation (SSE:600718), officially announced its strategic upgrade. The company now aims to become a global leading provider in full-domain upper-body electronics solutions for intelligent vehicles. At the same time, Neusoft Smart Go and Tencent Cloud announced a strategic partnership. Aligning with “AI-defined vehicles” trend, the two parties will focus on key areas such as intelligent cockpits, on-device AI large model applications, ecosystem content integration, in-vehicle cybersecurity, and cloud services. By integrating their technologies and resources, they will engage in in-depth collaboration to develop AI-powered intelligent cockpit products and solutions that offer enhanced interactivity and emotional experiences, accelerating the intelligent transformation of entire vehicles.
The integration of AI large models and ecosystems into vehicles is essentially a full-chain systematic project covering hardware-software architecture adaptation, data processing, compliance assurance, and real-time response. Currently, automakers face challenges such as high in-house R&D expenses, ecosystem integration hurdles, and a lack of differentiated user experiences. They urgently require full-domain solutions that seamlessly integrate hardware and software, offer comprehensive ecosystem coverage, and enable rapid mass production to meet users’ core demands for multi-modal interaction, full-scenario services, and continuous OTA updates.
As a leading cloud service provider in China, Tencent Cloud has core strengths in on-device large models, in-vehicle ecosystems and applications, cloud services, and data compliance assurance. It also offers a full-chain app ecosystem spanning social media, music, maps, and more. In this partnership, the two parties will take Neusoft Smart Go’s next-gen intelligent cockpit system as the core platform, deeply integrating Tencent Cloud’s on-device large models to jointly develop a benchmark AI-powered intelligent cockpit featuring natural conversations, proactive interactions, and highly emotional, smooth experiences. Furthermore, they will fully integrate a wide range of ecosystem apps, enabling seamless transitions between mobile phones and in-vehicle systems across all scenarios.
At present, Neusoft Smart Go has established a product matrix covering a full range of in-vehicle electronics solutions, including central computing platforms, cockpit-driving-parking integration, intelligent cockpits, intelligent communications, intelligent audio systems, and zonal control units. Through a dual-track strategy of high-end cutting-edge solutions and mature standardized products, it can flexibly meet the mass production needs of vehicle models across different regions and price segments worldwide. Leveraging Tencent’s intelligent driving cloud, data compliance, OTA technical support, and AI platform services, the two parties will provide stable, secure, and intelligent hardware-software integrated solutions tailored to the diverse needs of global automakers, comprehensively assisting them in achieving intelligent and AI-driven upgrades for entire vehicles.
Jian Guodong, Senior Vice President of Neusoft and CEO of Neusoft Smart Go, said, “The integration of AI large models and full-scenario ecosystems represents an inevitable trend and a shared vision for both Neusoft Smart Go and Tencent Intelligent Mobility. Leveraging Neusoft Smart Go’s technical expertise in the full domain of upper-body electronics and Tencent’s leading solutions in AI large models and full-chain ecosystems, the two parties will collaborate to provide global automakers with truly mass-producible and evolvable AI-powered intelligent cockpit solutions.”
Zhong Xuedan, Vice President and Head of Tencent Intelligent Mobility, said, “We share complementary strengths and similar philosophies with Neusoft Smart Go, laying a solid foundation for cooperation. Both parties will further deepen cooperation in AI-powered intelligent cockpits, jointly exploring proactive interactions and emotional services powered by large models, transforming the cockpit into a smarter companion that better understands users.”
The deep integration of on-device AI large models and full-scenario ecosystems is reshaping the value boundaries and user experiences of intelligent cockpits. The automotive industry needs to accelerate innovation and mass production, achieving a balance between advanced technologies and cost-effectiveness. Neusoft Smart Go will focus on enhancing its systematic integration, software-hardware synergy, and global delivery capabilities. Through collaboration with more ecosystem partners, it will provide sustained momentum for the intelligent transformation of the automotive industry.
View original content:https://www.prnewswire.com/news-releases/neusoft-smart-go-and-tencent-cloud-forge-strategic-partnership-to-build-a-new-ai-powered-intelligent-cockpit-ecosystem-302758495.html
SOURCE Neusoft Corporation
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