In a bid to pursue fully autonomous vehicles, Fiat-Chrysler Automobiles (FCA) has announced a joint venture with BMW and Intel to develop an autonomous vehicle platform. The trio has signed a memorandum of understanding for FCA to be the first automaker in joining them to develop an autonomous vehicle platform.

With FCA being the second automaker to join the group, it is said to help cut development costing. Furthermore, the trio will be able to leverage on 'each other's individual strengths, capabilities and resources to enhance the platform’s technology.'

“In order to advance autonomous driving technology, it is vital to form partnerships among automakers, technology providers and suppliers. Joining this cooperation will enable FCA to directly benefit from the synergies and economies of scale that are possible when companies come together with a common vision and objective,” said Sergio Marchionne, FCA CEO.

The group was initially formed in July 2016 with only BMW Group and Intel partnering up. Their goal is to introduce highly automated (level 3) and fully automated (level 4/5) self-driving technology into the market by as early as 2021. With FCA now part of the cooperation, the group continues to stay on track to deploy 40 autonomous test vehicles on the road by the end of 2017. Furthermore, they recently announced that 100 level 4 test vehicles will set to be making a demonstration soon.

BMW, Intel and FCA also announced that they are welcoming additional automakers and suppliers to join them in developing this upcoming autonomous driving platform. More automakers and suppliers are said to help increase the effort in creating an industry-wise solution for autonomous vehicles.