Mobileye (NASDAQ: MBLY), a global leader in autonomous driving technology, and FAW Group have announced a new strategic partnership leveraging their respective industry advantages in software, hardware and technology products. 

The 2 companies plan to use Mobileye's SuperVision and Chauffeur platforms to enhance customer driving experiences. SuperVision projects are slated for deployment by the end of 2024, with Chauffeur projects expected to launch by the end of 2025. Other FAW Group brands will also adopt Mobileye's platform solutions, and both companies will explore further collaboration opportunities.

Mobileye's SuperVision will enhance FAW's advanced driver assistance systems, promising an unparalleled driving experience. Chauffeur will provide hands free autonomy in specific domains, paired with adaptive eyes-on driving in other scenarios, utilizing advanced camera systems, lidar, radar, and precise mapping technology.

Amnon Shashua, President and CEO of Mobileye stated: “Between the scale and expertise FAW has built over the past seven decades and our world-class technology, this alliance could shape the future of autonomous driving in the region and beyond.”

Mobileye is a leader of the mobility revolution with its autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in computer vision, artificial intelligence, mapping, and data analysis.

Shares of Mobileye trade on the NASDAQ under the ticker symbol MBLY.