The revamped Porsche Macan (manufacturer)
Three years ago, Mobileye, which no longer makes just an annoying beeping system for keeping distance, unveiled its Super Vision system, which provides cars with autonomous driving capabilities, using 11 cameras and two of its processing chips.
But until now, despite its dominance of the market, it had only one customer: China's Geely, which purchased the new system for its new luxury brand Zicker. Now it has added two new luxury customers.
Porsche and Volkswagen Commercial have announced that they will also incorporate the Super Vision into their future models.
Volkswagen ID.BUZZ. One of the first models to be equipped with Mobileye's system (Photo: manufacturer's website)
The use will be a little different: Porsche, which specializes in sports cars and crossovers for driving enthusiasts, is not talking about switching to fully autonomous driving, but about a system that will allow the driver to take their hands off the steering wheel on certain roads and overtake themselves when the driver pre-selects the navigation route for the trip. Mobileye's system will allow the driver to take his hands off the road, but does not currently allow him, even for legislative reasons, to take his eyes off the road as well. The driver must continue to monitor what is happening and take control when necessary, as is also the case with the equivalent system in General Motors models, the Super Cruise.
Volkswagen Commercials, on the other hand, whose customers are looking for autonomous driving capability, either to reduce the burden on tired drivers or to give them up altogether on certain trips, wants to give its vehicles a full ride under computer control. The first vehicle to receive the upgrade will be the ID.BAZZ, the beautiful retro version of the legendary microbus, as early as 2025.
Following the announcements, Mobileye's shares rose 2.64% in Nasdaq trading yesterday and are now trading at a market cap of $32 billion. Last month, the company lost billions in value after reporting an expected decline in orders from Geely following a decline in sales in China. With additional customers, the Jerusalem company will be less dependent on orders from a single manufacturer. The signing with two divisions of the Volkswagen Group will make it easier for Mobileye to reach similar agreements with other divisions in the group, which also owns Audi, Skoda, Seat, Bentley and more.
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