Foresight Autonomous, Bumhan to develop autonomous electric bus solution

Foresight Autonomous (FRSX) Holdings announced the signing of a multi-phase collaboration agreement with Bumhan Motors to develop advanced 3D perception solutions for semi- and fully autonomous electric buses. Initially, the parties will collaborate to develop and bring to market advanced solutions aimed at improving the operational safety, vision accuracy, and efficiency of Bumhan’s current and future electric buses. These solutions are designed to ensure optimal performance in various environmental conditions, including harsh weather and poor lighting. Looking ahead, the parties will expand their focus to develop and commercialize advanced 3D perception solutions for a variety of semi- and fully autonomous commercial vehicles, including Bumhan’s autonomous electric trucks. The parties aim to finalize a commercial agreement by the end of the first quarter of 2025. Bumhan projects a commercial sales target of 200 electric buses per year for 2025, with an anticipated increase to 3,000 electric buses and electric commercial vehicles annually by 2029.