Autonomous shuttle developer HMI Technologies/Ohmio has announced an investment agreement with the management committee of China’s Heshan Industrial City to establish a manufacturing plant for autonomous vehicles and an artificial intelligence transport research centre in the city.
The US$20m investment agreement was signed by HMI Technologies/Ohmio founder and Chairman Mohammed Hikmet, and the Deputy Director of the Heshan Industrial City Administration Committee, Wu Xiaoqing.
“This is another milestone for the success of Ohmio and another ‘vote of confidence’ in Ohmio, following the signing of the Solaseado MoU in Korea earlier in April”, said Hikmet.
The company’s CEO Dean Zabrieszach said: “Not only will Ohmio be able to meet its mass production requirements inside and outside of China, but this investment also adds a huge boost to our existing research activities in establishing an autonomous platform solution as part of an entire ecosystem.”
Hikmet said that they see the investment as a first step on a journey to building the company into a global autonomous vehicle manufacturer, but would continue working to secure its base in New Zealand and Australia and to secure a foothold in other markets such as Europe and the US.