Mobileye partners with NIO to develop driverless cars

Mobileye, the autonomous vehicle systems developer that Intel paid $15.3 billion to acquire in March 2017, held its first post-acquisition investor summit today, and it was as eventful as might be expected. The Tel Aviv company unveiled a collaboration with Chinese automaker NIO to develop “highly automated” electric cars for consumer markets, and it laid out strategic business pillars and its progress to date in key driverless technology segments.

The news comes after the announcement that transportation operator Beijing Public Transport Corporation and Beijing Beytai, an automotive systems integration firm, would explore with Mobileye a commercial China-based transportation service set tentatively to launch in 2022. In related news, Mobileye inked a deal with Volkswagen in October to launch Israel’s first driverless ride-hailing service.