Telenav, Inc., a leading provider of connected-car and location-based services, is proud to announce our number one position in market share among navigation engine suppliers with nearly 25% market share in North America in 2022, according to S&P Global Mobility’s (formerly IHS Markit) latest navigation engine supplier forecast. Some of the world’s largest automotive manufacturers including Ford Motor and GM rely on Telenav for location-based services including cloud-first navigation, EV routing, ADAS features, maps, and predictive services.
Telenav pioneered cloud-based navigation over 20 years ago, and we have been innovating ever since, combining Silicon Valley innovation with auto-grade reliability. As the world moves steadily towards EV adoption, the importance of EV-driving optimized navigation has grown in importance. Recently, Telenav has signed on several major Chinese EV manufacturers that are looking to expand their sales beyond China.
Among them are SAIC, XPENG and another major EV manufacturer that has yet be publicly disclosed. Similarly, a North American EV manufacturer is also using Telenav’s location services platform to enhance their customers’ driving experience.
“It is gratifying to learn that we have achieved this number one market share position”, said HP Jin, CEO of Telenav. “But our journey has only just begun in this new era of connected and software-defined vehicles, and we are excited about what the future holds for us, and more importantly, for our auto OEM partners”.