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Deal To Supply 8 Million Cars Secured By Intel’s Mobileye

According to the official Mobileye, the Israel-based autonomous propulsion unit of Intel Corp. has signed an agreement to supply 8 million cars to a European automaker with its automated driving technology.

The details related to the finance of the agreement and the automaker’s name wasn’t disclosed.

The agreement, one of Mobileye’s biggest ever, is a sign of how automakers and suppliers are pacing the rollout of features that automate specific driving tasks such as emergency braking and road driving. However, there is still more time for the technology to allow fully automated driving in all the conditions and to enter the mass market.

“The agreement for systems supported by advanced controllers will be initiated in 2021 when Intel designed EyeQ5 chip, which was developed specifically for fully autonomous driving, will be launched as an update to EyeQ4 in the upcoming weeks,” said Mobileye’s senior vice president, advanced development, and strategy, Erez Dagan.

Intel and Mobileye are competing with several competing manufacturers of chips and vision systems, including Nvidia Corp., to supply the heads and eyes of automated automobiles.

The future system will be available in a variety of vehicle models, some of which will be automated, with the car being automatically powered but the driver having to remain alert, as well as models integrating a more advanced conditional automation system.

Mobileye, which was bought by Intel last year for $ 15.3 billion, says there are approximately 27 Million cars available to 25 automakers using some type of driver assistance system, with Mobileye having a market share of more than 70%.

Mobileye says that while Level 4 systems will start production in 2021, many of their technologies are relevant to creating systems that consumers can soon buy.

Shashua said that based on the automakers’ obligations, self-driving taxis, known as rob-taxis, should are expected to take the streets by 2021.

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