Luokung Shares Jump As eMapgo Partners Microsoft For Autonomous Driving Services

Luokung Technology Corp's LKCO affiliate eMapgo Technology (Beijing) Co, Ltd (EMG) collaborated with Microsoft Corp MSFT to launch autonomous driving services for automakers.
EMG will work with Microsoft in China to provide auto manufacturers with the collection, storage, analysis, management, and simulation testing of autonomous driving data.
EMG has already obtained service contracts from a European car manufacturer and a U.S. car manufacturer.
Related Content: Luokung Subsidiary To Provide Autonomous Driving Simulation Testing Services For Geely
Also Read: Luokung Forges Autonomous-Driving Data Partnership With Global Auto Manufacturer, Auto Parts Supplier
EMG's core competencies in LBS (interactive location-based services) and HD Maps (high-definition maps) are an ideal fit with Microsoft's considerable advantages in cloud computing, artificial intelligence, elastic computing, and mixed reality, Chair and CEO Xuesong Song said.
Price Action: LKCO shares traded higher by 25.2% at $1.68 on the last check Thursday.