News
We’re excited to announce that we have signed a Memorandum of Understanding (MoU) with one of Germany’s leading car companies. The aim of the contract is to go into mass-production on a full-scale e-mobility platform for the automotive industry.
The e-mobility platform is based on our core technology, the DAGchain, and involves creating a neutral innovation and transaction platform for the automotive industry in its entirety, with a focus on electric vehicles (EVs). The platform involves making the next generation of cars fully DLT-ready (Distributed Ledger Technology) from the moment they leave the factory, while dramatically decreasing range anxiety for EVs industry wide.
The contract between peaq and the global automotive giant follows over two years of collaboration and development, going back as far as 2018. The first stage of the project, which confirmed its technical and conceptual feasibility, was successfully concluded in 2019. The two parties continue to agree to keep the details of the platform confidential for the time being for strategic reasons.
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