Press release
Mobileye’s Global Ambitions Take Shape with New Deals in China, South Korea
LAS VEGAS--(BUSINESS WIRE)-- What’s New: With sales close to $1 billion in 2019 and expected to rise double-digits this year, Mobileye’s global ambitions in
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[{"type":"text","content":" LAS VEGAS--(BUSINESS WIRE)--\nWhat’s New: With sales close to $1 billion in 2019 and expected to rise double-digits this year, Mobileye’s global ambitions in advanced driver-assistance systems (ADAS) and autonomous mobility-as-a-service (MaaS) came into sharper focus with two agreements announced today. SAIC, a leading Chinese OEM, plans to use Mobileye’s REM mapping technology to map China for L2+ ADAS deployment while paving the way for autonomous vehicles in the country. And the leaders of Daegu Metropolitan City, South Korea, agreed to establish a long-term cooperation to deploy MaaS based on Mobileye’s self-driving system.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200107005959/en/A photo from December 2018 shows the interior cabin of a Mobileye autonomous vehicle as it maneuvers through traffic in Jerusalem. Mobileye, an Intel company, is the leader in assisted driving and a pioneer in the use of computer vision technology to save lives on the road. (Credit: Mobileye)\n\n“These two new agreements build our global footprint in both MaaS and ADAS and demonstrate our commitment to true global leadership toward full autonomy.”\n-- Prof. Amnon Shashua, Mobileye president & CEO and Intel senior vice president\n\n\nWhy It Matters: The two deals show how Mobileye, an Intel Company, is executing on its multiprong strategy toward full autonomy, which includes mapping, ADAS, MaaS and consumer AVs. The agreements build on other recent announcements, including: an agreement with RATP in partnership with the city of Paris to bring robotaxis to France; a collaboration with NIO to manufacture Mobileye’s self-driving system and sell consumer AVs based on that system, and to supply robotaxis exclusively to Mobileye for China and other markets; a joint venture with UniGroup in China for use of map data; and a joint venture with Volkswagen and Champion Motors to operate an autonomous ride-hailing fleet in Israel.\n\n\nBased on third-party data, Mobileye estimates the autonomous MaaS total addressable market (TAM) at $160 billion by 2030. Mobileye’s ADAS leadership, uniquely scalable mapping tools and global robotaxi-based mobility ambitions have been designed to address this massive opportunity.\n\n\nChina is the first country to benefit from the four Mobileye strategic produ...