BlackBerry (BB) QNX Tech to Power BICV's Intelligent Cockpit
BlackBerry BB recently announced that its QNX Neutrino Realtime Operating System (RTOS) and QNX Hypervisor technology has been selected by BDStar Intelligent & Connected Vehicle Technology Co (“BICV”). It will power BICV’s intelligent cockpit for the new Renault Jiangling Electric Vehicle named “Yi”.
Yi will be exported to Europe, where it will be used as a vehicle for people working in mobility services such as taxis, ride-hailing, private vehicle hires, etc.
BlackBerry Limited Price and Consensus
BlackBerry Limited price-consensus-chart | BlackBerry Limited Quote
The two companies have collaborated on multiple occasions since 2017. BICV has leveraged BlackBerry’s QNX technologies for its full LCD instrumentation panels and air conditioning controls for windscreens. Chongqing-based BICV specializes in developing and manufacturing vehicle cockpit electronics and engineering services.
BlackBerry’s QNX Neutrino RTOS powers BICV’s advanced intelligent cockpit solution while QNX Hypervisor provides flexibility and scalability. By leveraging BlackBerry’s solutions, BICV has reduced development expenses and long-term costs of ownership by incorporating multiple systems into a single hardware platform without compromising on safety. BlackBerry QNX is a market leader for safety-certified embedded software in automotive in more than 195 million vehicles.
BlackBerry noted that Yi's cockpit has a dual-linked screen design with complete LCD instruments and a roomy central console, featuring In-Vehicle Infotainment, Advanced Driver Assistance System, Voice and Gesture Recognition and Head-Up Display.
The cockpit also includes augmented reality, artificial intelligence and hologram functions. It provides a high level of personalization for both drivers and passengers through ambient lighting and intelligent seat controls.
BlackBerry previously collaborated with Marelli and PATEO for advancement in next-generation cockpit technology. The current collaboration with BICV bodes well with BlackBerry’s efforts to develop embedded cockpit systems and boost safety and security.
The collaboration with Marelli aimed to merge multiple systems with different operating environments on a single software and hardware platform. BlackBerry adds that it will boost security and safety and lower the company's development and long-term costs of ownership while offering an improved unified and integrated user experience to the passengers.
The collaboration with PATEO aimed to incorporate its avant-garde BlackBerry IVY platform into PATEO’s intelligent Digital Cockpit solution. The incorporation will help the companies in delivering Service-Oriented Architecture solutions.
Yi will be developed into 'Limo,' which is the main product of the Renault Group's mobility brand “Mobilize”, in the second half of 2022.
Shares of BlackBerry have lost 61.3% in the past year compared with the industry’s fall of 3.8%.
Zacks Rank & Stocks to Consider
BlackBerry currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader technology space are InterDigital IDCC, Vishay Intertechnology VSH and Avnet AVT. InterDigital and Avnet currently sport a Zacks Ranks #1 (Strong Buy) whereas Vishay Intertechnology holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for InterDigital’s 2022 earnings is pegged at $3.28 per share, increasing 5.12% in the past 60 days. The long-term earnings growth rate is anticipated to be 15%.
InterDigital’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 141.13%. Shares of IDCC have declined 21.5% in the past year.
The Zacks Consensus Estimate for Vishay Intertechnology’s 2022 earnings is pegged at $2.68 per share, rising 10.3% in the past 60 days. The long-term earnings growth rate is anticipated to be 22.7%.
Vishay Intertechnology’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 4.96%. Shares of VSH have declined 12.5% in the past year.
The Zacks Consensus Estimate for Avnet’s fiscal 2022 earnings is pegged at $6.83 per share, rising 20.5% in the past 60 days. The long-term earnings growth rate is anticipated to be 37.2%.
Avnet’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 21.22%. Shares of Avnet have grown 11.7% in the past year.
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