Asian Surveying & Mapping
Breaking News
HAL to build, market Isro’s SSLV in landmark deal
New Delhi, Jun 20: In a historic move for...
Taiwan developing space capabilities for all-weather imaging
TAIPEI (TVBS News) — Taiwan is advancing its space...
Honda hails successful test of reusable rocket as it looks to get into the space business
Tokyo — Japan's second-biggest carmaker, Honda, has successfully tested...
China’s space program provides larger platform for broader international cooperation
BEIJING -- Experts from China's manned space program said...
India To Launch $1.5 Billion Joint Earth Mission With NASA In July
National Aeronautics and Space Administration (NASA) and the Indian...
Axiom-4 mission delayed again: ISRO confirms Subhanshu Shukla’s ISS spaceflight won’t launch before 22 June 2025
The Axiom-4 mission to the International Space Station has...
Mengzhou spacecraft for China’s moon-landing mission passes landmark test flight
China has completed the inaugural test flight of its...
Space application for ITMA Asia + CITME 2026 opens
Shanghai – Space application for the 2026 edition of...
Yanmar, Chia Tai and XAG Empower Thai Agriculture through Innovation
Bang Nam Priao District, Chachoengsao Province, Thailand – On...
bitsensing Signs MOU with IKIO Technologies to Advance AI-Based Traffic Monitoring on India’s Expressways, Highways and Municipal Areas
Backed by proven success in South Korea and Europe,...

September 9th, 2021
Luokung Announces eMapGo to Provide Autonomous Driving Data Services for Zenseact

BEIJING  Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading spatial-temporal intelligent big data services company and provider of interactive location-based services (“LBS”) and high-definition maps (“HD Maps”) in China, today announced that its operating affiliate eMapGo Technology (Beijing) Co., Ltd. (“EMG”), a leading provider of navigation and electronic map services in China, has signed an agreement to provide autonomous driving data services for Zenseact, a wholly owned subsidiary of Volvo Cars, the automotive division of the Swedish multinational manufacturing company, focusing on the development of autonomous driving and active safety software together with its lead customer Volvo Cars. As a next step, Zenseact intends to industrialize the autonomous driving platform and set real-life autonomous safety benchmarks to increase the reliability of its own products.

EMG is China’s leading autonomous driving HD Maps service provider. The company led the development of the industry standard for “Autonomous Driving High-precision Map Collection Element Model and Interaction Format” and standards for “Technical Requirements of Automated Valet Parking Map and Localization” in China. EMG provides services such as mass production of autopilot high-precision maps, autopilot simulation testing, data collection and management for various automotive manufacturers and Tier 1 suppliers and serves several reputable customers such as Zenseact, Bosch, Continental, Audi, Ford, Volvo, Volkswagen, Geely, Hongqi, BAIC New Energy, among others.

Mr. Xuesong Song, Chairman and CEO, stated, “We are pleased to be partnering with Zenseact as their autonomous driving data services provider and look forward to working closely with their team in fulfilling their mission of creating a safe and reliable autonomous driving platform. We believe this agreement with Zenseact represents a tremendous opportunity for EMG’s business expansion as we look to establish new relationships with more partners around the globe.”

About Luokung Technology Corp.

Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent spatial-temporal big data, Luokung establishes city-level and industry-level holographic spatial-temporal digital twin systems serving industries including smart transportation (autonomous driving, smart highway and vehicle-road collaboration), natural resource asset management (carbon neutral and environmental protection remote sensing data service), and LBS smart industry applications (mobile Internet LBS, smart travel, smart logistics, new infrastructure, smart cities, emergency rescue, among others).  The Company routinely provides important updates on its website: www.luokung.com/en.

ABOUT EMAPGO

eMapgo, a variable interest entity (“VIE”) of Luokung, is a leading provider of navigation and electronic map services in China, as well as a leading provider in Internet map services, geographic information system engineering and other A-level mapping qualifications. EMG possesses the National Class-A qualification certificates of navigable Surveying and Mapping, and actively develops autonomous driving and HD Map services. Effective March 17, 2021, Luokung consummated its acquisition of EMG through the purchase of the equity interests of Saleya Holdings Limited, which, through a series of contracts between its wholly-owned subsidiary DMG Infotech Co., Ltd. and EMG, made EMG Luokung’s VIE. For more information, please visit EMG’s website: www.emapgo.com.cn.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “might”, “plan”, “probable”, “potential”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination and analysis of the existing law, rules and regulations and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you the statement herein will be accurate. As a result, you are cautioned not to rely on any forward-looking statements.