EMG will work with Microsoft in China to provide auto manufacturers with the collection, storage, analysis, management, and simulation testing of autonomous driving data.
EMG has already obtained service contracts from a European car manufacturer and a U.S. car manufacturer.
EMG's core competencies in LBS (interactive location-based services) and HD Maps (high-definition maps) are an ideal fit with Microsoft's considerable advantages in cloud computing, artificial intelligence, elastic computing, and mixed reality, Chair and CEO Xuesong Song said.
Price Action: LKCO shares traded higher by 25.2% at $1.68 on the last check Thursday.
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