Mobileye announces new deals in China and South Korea
Mobileye reported sales close to $1 billion in 2019 and expects that to rise double-digits in 2020, as the company announces two agreements surrounding its work in advanced driver-assistance systems (ADAS) and autonomous mobility-as-a-service (MaaS). SAIC, a Chinese OEM, plans to use Mobileye’s REM (Road Experience Management) 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.
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.
How the SAIC agreement works
SAIC and Mobileye have signed an agreement to use Mobileye’s REM mapping technology on SAIC vehicles via SAIC’s licensed map subsidiary (Heading). SAIC vehicles will contribute to Mobileye’s RoadBook by gathering information on China’s roadways, creating a high-definition map of the country that can be used by vehicles with L2+ and higher levels of autonomy. The deployment of the mapping solution in China presents opportunities for additional OEM partners to enter the Chinese market with map-related features, says the company.
How the Daegu Metropolitan City agreement works
Mobileye and Daegu City will collaborate to test and deploy robotaxi-based mobility solutions powered by Mobileye’s autonomous vehicle technology. Mobileye will integrate its self-driving system into vehicles to enable a driverless MaaS operation. Daegu Metropolitan City partners will ensure the regulatory framework supports the establishment of robotaxi fleet operation.
Because it relies on crowd sourcing and low-bandwidth uploads, the company says that Mobileye REM technology is a fast and cost-effective way to create high-definition maps that can be utilized for enhanced ADAS such as L2+, as well as higher levels of autonomy for future self-driving cars. Mobileye says its REM map data can bring insights to businesses in new market segments, such as smart cities. SAIC is the latest OEM to turn passenger cars into harvesting vehicles that will contribute to the global RoadBook.
Mobileye’s strategy for deploying robotaxis covers the specification, development, and integration of all five value layers of the robotaxi market including: self-driving systems, self-driving vehicles, fleet operations, mobility intelligence, and rider experience and services. Mobileye says that the approach is cost-effective, allowing the company to scale global operations more quickly than competitors and thereby capture a greater share of the $160 billion global robotaxi opportunity. Mobileye says its unique approach of scaling globally with a more economical solution, coupled with its technology, enable it to lead MaaS and consumer-AV development at scale ahead of the market.