Navya Structures Its Activity in Asia
19 Novembre 2020 - 07:05PM
Business Wire
- Shuttle production in South Korea by ESMO Corporation
- Creation of a service entity in Singapore with the financial
support of ST Engineering Land Systems
Regulatory News:
Navya (FR0013018041- Navya), a leading company in autonomous
driving systems, structures its activity in Asia, a region with a
particular interest towards new ways of autonomous mobility,
allowing solid growth prospects.
Navya has recently consolidated its strategic partnerships with
ESMO Corporation and ST Engineering Land Systems (STELS), enabling
it to optimize its organization and increase its footprint in South
Korea and Singapore, 2 markets with very high potential according
to KPMG1. As a reminder, Navya has an installed base of 41 shuttles
in the Asia-Pacific region.
Shuttle production in South Korea by ESMO Corporation
Thanks to a strategic partnership signed in June 2019 with ESMO
Corporation, which is its exclusive distributor in China and South
Korea, Navya is involved in the training of ESMO Corporation teams
and has actively collaborated in developing an Autonom® Shuttle
production line in the "Jinhae" factory, a 6,000 sq.m. complex.
This production line is now operational.
Jeong Hun KIM, CEO of ESMO Corporation, says: “We are
proud to bring our industrial expertise and know-how to co-produce
the iconic Autonom® Shuttle, which we consider to be a
state-of-the-art product. Thanks to local sourcing, we ambition to
reduce the manufacturing cost of the vehicle to be even more
competitive and thus confirm Navya's leading position in the
autonomous vehicle Asian market.”
Creation of a service entity in Singapore with the financial
support of STELS
As part of its strategy to develop autonomous transportation
solutions for goods and people, ST Engineering Land Systems
(STELS), a subsidiary of ST Engineering, Singapore's world-class
defense technology and engineering group, has been working with
Navya since several years. Navya and STELS thus have launched
several significant experiments, such as Gardens by the Bay, a
touristic site located in the center of Singapore. New experiments
in closed sites are currently under development and should be
deployed very soon.
To support the strengthening of this partnership, Navya creates
a subsidiary in Singapore, Navya Systems, with the financial
support of STELS. Navya sets up a dedicated team to manage
deployments, maintenance and training, with a dual objective:
guarantee a very high quality of service to Asian customers and
accelerate the transfer of skills. This subsidiary is also intended
to carry out technological development initiatives specific to the
region (private cloud infrastructure, solutions for high-security
sites, V2X, etc.).
HOE Yeen Teck, Head of Autonomous Transport at ST Engineering
Land Systems (STELS), “We are delighted with Navya’s decision
to establish a team in Singapore. This will strengthen our ability
to support our clients in their push to autonomous services and
help to accelerate the overall take-up of autonomous vehicles in
Singapore.”
Etienne Hermite, Chief Executive Officer of Navya,
concludes: “We are very pleased to have built strong partnerships
with leading companies. We are grateful for the trust they place in
us. The quality of our partners and the dynamism of the Asian
market announce great prospects in this region of the world.”
About Navya
Navya is a leading French name in the autonomous driving
systems. With 280 employees in France (Paris and Lyon) and in the
United States (Michigan), Navya aims at becoming the leading player
for the supply of autonomous driving systems for passenger and
goods transport. Since 2015, Navya has been the first to market and
put into service autonomous mobility solutions. The Autonom®
Shuttle, main development axis, was launched in September 2015 and
nearly 170 units have been sold as of 30 June 2020, notably in the
United States, France, Germany, Switzerland, Japan and Australia.
The Autonom® Tract is dedicated to goods transport. Created in 2014
with the support of Robolution Capital, investment fund managed by
360 Capital Partners, his reference shareholder, Navya’s
shareholders also include the Gravitation fund and Paris Region
Venture Fund (Région Île-de-France) managed by Karista as well as
Valeo and Keolis groups.
Navya is listed on the Euronext regulated market in Paris (ISIN
code: FR0013018041- Navya).
For more information visit: www.navya.tech/en
1 Source: KPMG’s “Autonomous Vehicles Readiness Index 2020”
report, which ranks Singapore No. 1, South Korea No. 7 and Japan
No. 11 among a sample of 30 countries according to their degree of
maturity in the race for autonomous vehicles.
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Navya Marketing & Communication Manager
Albane Garnier albane.garnier@navya.tech +33 (0)6 66 58 71
46
CFO Benoit Jacheet finance@navya.tech
NewCap Investor relations Thomas Grojean navya@newcap.eu
+33 (0)1 44 71 94 94
NewCap Media relations Nicolas Merigeau navya@newcap.eu
+33 (0)1 44 71 94 98