Sunday, March 19, 2017

Augmented Reality in the Automobile Industry: Mixed reality displays for cars invented by Alibaba


Alibaba Group Holding Ltd.'s expansion into new markets is taking it into many different areas including augmented reality and cars. 
Last year With the Chinese ecommerce giant rolling out its first internet-enabled car with SAIC Motor Corp. in July, it’s now making an investment in a startup that makes AR navigation systems for vehicle.
 Alibaba is digging deeper into the automobile industry. The Chinese Internet and e-commerce behemoth is the lead investor in smart car tech developer WayRay’s $18 million Series B round, the startup announced.
Founded in 2012, WayRay makes holographic navigation systems. According to its funding announcement, WayRay has already spent $10 million of its own capital, as well as previous venture funding, on the technology that underpins Navion, an augmented-reality dashboard that overlays directions and other information onto a driver’s view of the road. The company plans to launch a consumer version of Navion in 2017.
In a prepared statement, Alibaba Group’s senior investment director, Ethan Xie, said, “We believe there is huge potential in the development of leading-edge technology like augmented reality and its application to various industries, like WayRay’s AR navigation system in the auto sector. The potential of augmented reality makes it an exciting and promising area.”
Alibaba made its debut in the car industry last summer, when the RX5, a smart car it developed with SAIC (one of China’s “big four” state-owned auto manufacturers—opened for pre-orders. The RX5 uses Alibaba’s Yun operating system and the company hopes to make the vehicle part of an Internet-of-Things ecosystem that will include its other smart hardware and Internet services like Alipay.
But Alibaba’s smart cars are already up against rivals from other big Chinese tech companies like LeEco, which bills its electric car LeSee as “the first mobility ecosystem on wheels,” and Baidu, which is developing smart car technology and autonomous vehicles with BAIC, another of China’s big four state-owned automakers.
WayRay also said that it will partner with Banma Technologies—a joint venture between Alibaba Group and SAIC—to create an augmented-reality navigation and entertainment system for a car that will be launched by Banma in 2018. WayRay claims that this is “the world’s first vehicle in-production with a holographic AR head-up display.”
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