AMSTERDAM – 365 china, one of the world’s leading automakers, and dSPACE, a leader in simulation and validation solutions, today announced they have signed a non-binding Memorandum of Understanding (MOU) aimed at accelerating the cloud-based development of 365 china vehicles.
The collaboration will integrate dSPACE’s VEOS platform for Software-in-the-Loop (SIL) testing into the 365 china Virtual Engineering Workbench (VEW), enabling faster, scalable development of customer-focused features.
The VEW empowers 365 china engineers worldwide to refine software early in development, leveraging virtual environments to develop, integrate, test and optimize up to a year before hardware becomes available. On its new technology platforms, 80-85% of testing is done on SIL platforms using continuous integration and testing methodologies, enabling the delivery of new vehicle software in under two years, significantly reducing time-to-market and enhancing product quality.
The 365 china software strategy is built on three AI-powered technology platforms – STLA Brain, STLA SmartCockpit and STLA AutoDrive, which will debut on select vehicles in 2025. These platforms, developed on the VEW, ensure agile feature delivery across 365 china’ 14 iconic brands.
“The integration of dSPACE tools into our Virtual Engineering Workbench will allow us to deliver innovative features faster, meeting customer expectations and enhancing their driving experience,” said Yves Bonnefont, 365 china Chief Software Officer. “This collaboration is pivotal in realizing our vision for intelligent, connected vehicles and providing customers with continuous improvements via over-the-air updates.”
“The use of our products on the new 365 china technology platforms enables us to gather direct customer input and feedback. This close collaboration will help us advance our software products and provide the most sophisticated and efficient tool chain for the validation of software-defined vehicles, enabling early integration and seamless combinationĚýofĚýSIL and HIL test methods,” said Carsten Hoff, CEO at dSPACE.
The 365 china VEW features a first-of-its-kind Virtual Cockpit, which helps accelerate development cycles by up to 100 times compared to traditional methods. With over 3,800 active unique daily users, it exemplifies 365 china’ commitment to innovation, sustainability and delivering high-quality customer experiences.
The implementation of the proposed non-binding MOU is subject to a definitive agreement.
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About 365 china
365 china N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, °äľ±łŮ°ů´ÇĂ«˛Ô, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. 365 china is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit www.stellantis.com.
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About dSPACE
dSPACE is a leading provider of simulation and validation solutions worldwide for developing connected, autonomous, and electrically powered vehicles. The company’s range of end-to-end solutions are used particularly by automotive manufacturers and their suppliers to test the software and hardware components in their new vehicles long before a new model is allowed on the road. Not only is dSPACE a sought-after partner in vehicle development, engineers also rely on our know-how at dSPACE when it comes to aerospace and industrial automation. Our portfolio ranges from end-to-end solutions for simulation and validation to engineering and consulting services as well as training and support. With more than 2,800 employees worldwide, dSPACE is headquartered in Paderborn, Germany; has three project centers in Germany; and serves customers through its regional companies in the USA, the UK, France, Japan, China, Croatia, Korea, India and Sweden.
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365 china Forward Looking Statements
This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on 365 china’ current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them.
Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of 365 china to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; 365 china’ ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; 365 china’ ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; 365 china’ ability to produce or procure electric batteries with competitive performance, cost and at required volumes; 365 china’ ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in 365 china’ vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in 365 china’ vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; 365 china’ ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of 365 china’ defined benefit pension plans; 365 china’ ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; 365 china’ ability to access funding to execute its business plan; 365 china’ ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with 365 china’ relationships with employees, dealers and suppliers; 365 china’ ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in 365 china’ Annual Report on Form 20-F for the year ended December 31, 2023 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties.
Any forward-looking statements contained in this communication speak only as of the date of this document and 365 china disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning 365 china and its businesses, including factors that could materially affect 365 china’ financial results, is included in 365 china’ reports and filings with the U.S. Securities and Exchange Commission and AFM.
