"Per data from McKinsey research, autonomous vehicles are expected to contribute to 66% of the passenger-kilometers traveled in 2040, while generating $1.1 trillion in mobility services’ revenues and $0.9 trillion in sales.
On the heels of alluring prospects, Intel (INTC - Free Report) is zooming ahead in the autonomous driving industry with its latest developments in the field.
Mobileye in partnership with Al Habtoor Group will devise a fleet of automotive 'robotaxis' that could hit the streets of Dubai by 2022. The multi-million dollar deal will start by deploying Mobileye’s system into 1,000 cars to map Dubai and collect data.
The testing of the autonomous vehicles is slated to commence in 2021, with a pilot program slated for by the end of 2022. A commercial service is planned for 2023, with a target of a few hundred vehicles within five years.
Furthermore, Intel’s Mobileye recently announced that its SuperVision surround-view ADAS platform will power Geely Auto Group’s Lynk & Co brand’s highly awaited premium electric vehicle (EV) — Zero Concept. Markedly, Geely Auto Group is one of the leading auto manufacturers based in China.
Also, Mobileye and Geely have inked long-term “high-volume ADAS agreement” aimed at equipping a variety of Geely Auto Group’s models with Mobileye vision-sensing technology.
www.zacks.com/stock/news/1063470/...cid=CS-ZC-HL-analyst_blog|industry_focus-1063470
On the heels of alluring prospects, Intel (INTC - Free Report) is zooming ahead in the autonomous driving industry with its latest developments in the field.
Mobileye in partnership with Al Habtoor Group will devise a fleet of automotive 'robotaxis' that could hit the streets of Dubai by 2022. The multi-million dollar deal will start by deploying Mobileye’s system into 1,000 cars to map Dubai and collect data.
The testing of the autonomous vehicles is slated to commence in 2021, with a pilot program slated for by the end of 2022. A commercial service is planned for 2023, with a target of a few hundred vehicles within five years.
Furthermore, Intel’s Mobileye recently announced that its SuperVision surround-view ADAS platform will power Geely Auto Group’s Lynk & Co brand’s highly awaited premium electric vehicle (EV) — Zero Concept. Markedly, Geely Auto Group is one of the leading auto manufacturers based in China.
Also, Mobileye and Geely have inked long-term “high-volume ADAS agreement” aimed at equipping a variety of Geely Auto Group’s models with Mobileye vision-sensing technology.
www.zacks.com/stock/news/1063470/...cid=CS-ZC-HL-analyst_blog|industry_focus-1063470