Mobileye Global Inc. has secured a significant contract with a leading global automaker to supply its advanced Mobileye Imaging Radar™ technology. This development marks the first time this automaker has chosen Mobileye's imaging radar for its upcoming eyes-off, hands-off automated driving system in personal vehicles. The automaker plans to incorporate this technology starting in 2028, enabling SAE Level 3 automated driving at highway speeds. Mobileye's imaging radar is designed to effectively detect vehicles, people, and objects in challenging conditions such as fog or rain and at long distances, surpassing the capabilities of existing sensors. This contract highlights the industry's confidence in Mobileye's innovative solutions for autonomous driving.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.