BMW and Valeo engage in a strategic cooperation to co-develop next-gen Level 4 automated parking experience

BMW Group and Valeo are taking their long-existing relationship to the next level with a new partnership. After the major announcement of their collaboration for ADAS domain controller, sensors and software for parking and maneuvering for BMW's upcoming platform generation "Neue Klasse"*, the BMW Group and Valeo announced their cooperation for the co-development of fully automated parking technologies up to Level 4.** In January both companies signed an agreement for a strategic cooperation, which will focus on joint development of next-generation high-end parking user experience for customers on private grounds and parking facilities. Ranging from Automated Maneuver Assistance to Level 4 Automated Valet Parking, all functions will be based on technology and sensors in the car. Infrastructure based services will also be jointly developed to experience fully automated parking and charging in enabled public parking facilities and sites. The co-development of these automated parking solutions will involve more than 100 R&D specialists from both companies over the duration of the collaboration. The software functions are based on the current automated parking software stack first launched with the BMW iX in 2021. In the next generation it will be further extended by a powerful computing platform hosting the jointly developed algorithms.