Toyota’s luxury brand Lexus recently had its DMS tested by Euro NCAP and got a miserable 0.3 out of 2 points. The vehicle in question was the 2023 Lexus RZ.
It must have come as a huge shock to Toyota, which is struggling like Tesla to deal with the influx of quality Chinese cars. I understand that Woven (not Smart Eye) was the supplier.
It’s actually a huge positive for Seeing Machines and I’m feeling pretty confident that Toyota will do the sensible thing and find itself a supplier that can deliver maximum points from the Euro Cap DMS test. I certainly don’t expect it to choose Smart Eye, by the way.
I’m also hearing that Volvo may be experiencing buyer’s remorse for its choice of DMS. Let’s wait and see what happens there.
While the share price of Seeing Machines is an annoyance, I’m increasingly confident that the couple of auto wins predicted by Paul McGlone will come to fruition by the end of the first quarter of 2024. He delivered on Gen 3 Guardian and I can only reiterate my belief that all the auto contract delays have been due to the OEMs.
The writer holds stock in Seeing Machines.