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Consumer Discretionary : Internet & Direct Marketing Retail |
Based in China
Company profile

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Company offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Company offers a range of products and services for consumers through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.

This security is an American depositary receipt
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Postmarket

Last Trade
Delayed
$16.50
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$16.50
Day's Change
0.52 (3.25%)
Bid
--
Ask
--
B/A Size
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Day's High
17.20
Day's Low
15.82
Volume
(Heavy Day)
Volume:
11,092,215

10-day average volume:
8,212,738
11,092,215

BMW Group Selects NVIDIA to Redefine Factory Logistics

9:00 am ET May 14, 2020 (Globe Newswire) Print

GTC 2020 -- BMW Group has selected the new NVIDIA Isaac(TM)roboticsplatform to enhance its automotive factories -- utilizing logistics robots built on advanced AI computing and visualization technologies, the companies announced today.

The collaboration centers on implementing an end-to-end system based on NVIDIA technologies -- from training and testing through to deployment -- with robots developed using one software architecture, running on NVIDIA's open Isaac robotics platform. BMW Group's objective is to enhance logistics factory flow to produce custom-configured cars more rapidly and efficiently. Once developed, the system will be deployed to BMW Group factories worldwide.

"BMW Group's use of NVIDIA's Isaac robotics platform to reimagine their factory is revolutionary," said Jensen Huang, founder and CEO of NVIDIA. "BMW Group is leading the way to the era of robotic factories, harnessing breakthroughs in AI and robotics technologies to create the next level of highly customizable, just-in-time, just-in-sequence manufacturing."

"BMW is committed to the Power of Choice for our customers -- customization of diverse features across diverse vehicles for diverse customers," said Jurgen Maidl, senior vice president of Logistics for the BMW Group. "Manufacturing high-quality, highly customized cars, on multiple models, with higher volume, on one factory line requires advanced computing solutions from end-to-end. Our collaboration with NVIDIA allows us to develop the future of factory logistics today and to ultimately delight BMW Group customers worldwide."

The collaboration uses NVIDIADGX(TM) AI systems and Isaac simulation technology to train and test the robots; NVIDIA Quadro(R)ray-tracingGPUs to render synthetic machine parts to enhance the training; and a new lineup of multiple AI-enabled robots built on the Isaac software development kit, powered by high-performance NVIDIA Jetson(TM) and EGX(TM) edge computers.

BMW Group's supply chain takes millions of parts flowing into a factory from more than 4,500 supplier sites, involving 230,000 unique part numbers, and in growing volumes as BMW Group's car sales have doubled over the past 10 years to 2.5 million vehicles. Moreover, BMW Group vehicles are offered to customers with an average of 100 different options, resulting in 99 percent of customer orders being uniquely different for each other. This creates an immense challenge for factory logistics.

To optimize the enormous complexity of this material flow, autonomous AI-powered logistics robots now assist the current production process in order to assemble highly customized vehicles on the same production line.

"Ultimately, the sheer volume of possible configurations became a challenge to BMW Group production in three fundamental areas - computing, logistics planning, and data analysis," Maidl said.

BMW Group's response is to use NVIDIA's Isaac robotics platform to develop five AI-enabled robots to improve their logistics workflow, powered by a variety of NVIDIA Jetson AGX Xavier(TM) and EGX edge computers. These include both navigation robots to transport material autonomously, as well as manipulation robots to select and organize parts.

Developed on the NVIDIA Isaac SDK, the robots utilize a number of powerful deep neural networks, addressing perception, segmentation, pose estimation and human pose estimation to perceive their environment, detect objects, navigate autonomously and move objects. These robots are trained both on real and synthetic data using NVIDIA GPUs to render ray-traced machine parts in a variety of lighting and occlusion conditions to augment real data.

The real and synthetic data are then used to train deep neural networks on NVIDIA DGX systems. The robots are then continuously tested in NVIDIA's Isaac Simulators for both navigation and manipulation, operating on NVIDIA's Omniverse platform, where multiple BMW Group personnel in different geographies can all work in one simulated environment.

About NVIDIA

NVIDIA's (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI -- the next era of computing -- with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. More information at http://nvidianews.nvidia.com/.

For further information, contact:

David Pinto

PR Manager

NVIDIA Corporation

+1-408-566-6950

dpinto@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: automotive factories incorporating robots built on the Isaac platform; the benefits and impact of the NVIDIA and BMW collaboration; the collaboration implementing an end-to-end system based on NVIDIA technologies; the system being deployed to BMW Group factories worldwide; BMW Group leading the way in the era of AI factories, harnessing advanced computing technologies and what it is creating; the collaboration allowing BMW to develop the future of factory logistics and delight customers; the collaboration using NVIDIA DGX AI systems, Isaac simulation technology, NVIDIA Quadro ray-tracing GPUs, and AI-enabled robots powered by NVIDIA computers; the growing parts, volumes and vehicles from BMW Group that creates challenges for factory logistics; the challenges for BMW Group production; how BMW Group is using the NVIDIA Isaac robotics platform and its benefits and impact; and how the robots are built, trained and tested are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners' products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

(C) 2020 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX, Jetson, Jetson AGX Xavier, NVIDIA EGX, NVIDIA Isaac, NVIDIA Omniverse and Quadro are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/796370b6-e227-47b2-8d4a-c1b0be3ceb79

https://ml.globenewswire.com/media/ad3b9553-6933-40b1-adfd-2ed199cd141c/small/nvidia-logo-jpg.jpg

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