u-blox wins major new autonomous driving project, bringing in over $100 million

Recently, u-blox (SIX:UBXN), a leading global provider of positioning and wireless communication technologies and services, announced that the company has recently won a new project with an important automotive industry customer in the Asia-Pacific region, which is expected to start in 2026 and will generate more than $100 million in revenue. This cooperation highlights u-blox's technological leadership in the field of autonomous driving positioning solutions.

Several automakers are using u-blox’s high-precision GNSS F9 technology platform in upcoming production models. The u-blox F9 technology platform includes features critical for autonomous driving applications, such as decimeter-level positioning accuracy, which enables reliable lane recognition and lane-level guidance necessary for autonomous driving.

These and other recent successes, in addition to other project wins earlier in 2023, underscore the important role that u-blox is playing in driving the development of a sustainable, connected future of transportation.

u-blox’s cutting-edge technologies and expertise help accelerate the widespread adoption of autonomous vehicles. By 2030, the adoption of dedicated GNSS positioning solutions for advanced driver assistance will exceed 32%*, up from just 10% in 2023. GNSS-based positioning complements the perception capabilities of other sensors to enable hands-free driving in an increasing number of scenarios.

“Leading automakers trust u-blox positioning technology and expertise for advanced autonomous driving projects. We are proud and inspired by the value they create through innovation.”

——Stephan Zizala

CEO of u-blox

About u-blox

u-blox (SIX:UBXN) is a Swiss company that provides customers with a wide range of chips and modules and comprehensive IoT services, enabling customers to achieve precise positioning and connect everything. We continue to drive innovation and upgrades in the future automotive and IoT industries with our industry-leading solutions. Headquartered in Zurich-Thalwil, Switzerland, u-blox currently has approximately 1,400 employees worldwide, and can tailor solutions for customers that are both precise, intelligent and sustainable.