BlackBerry (NYSE: BB) stock soared 6.76% in pre-market trading on Tuesday, following news that its QNX division has been selected to provide foundational software for Leapmotor's new electric SUV, the B10. This collaboration marks a significant win for BlackBerry's automotive technology segment and signals growing demand for its software in the rapidly expanding electric vehicle market.
According to the announcement, Leapmotor, an innovative Chinese electric vehicle company, has chosen QNX technology to serve as the core software platform for its B10 SUV. The vehicle will integrate a diverse suite of QNX products, including the QNX Neutrino Realtime Operating System, QNX Software Development Platform, QNX Hypervisor, and QNX OS for Safety. These technologies will underpin the B10's intelligent digital cockpit and L2+ autonomous driving domain controllers, showcasing BlackBerry's crucial role in advancing automotive innovation.
This partnership builds on the companies' previous collaboration from 2021 and underscores the growing importance of BlackBerry's QNX technology in the automotive industry. With Leapmotor's B10 receiving over 31,000 orders within 48 hours of its China presale launch, and plans for global expansion, this deal could significantly boost BlackBerry's presence in the international automotive software market. Investors appear to be reacting positively to this news, seeing it as a strong indicator of BlackBerry's potential for growth and innovation in the evolving automotive technology landscape.
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