The partnership is expected to enable Mobileye to strengthen its position in the advanced driver-assistance systems (ADAS) industry
Mobileye, an Israeli subsidiary of Intel, has expanded its partnership with ZEEKR to introduce highly advanced safety technology for advanced, intelligent vehicles.
The partnership is expected to allow Mobileye to strengthen its position in the advanced driver-assistance systems (ADAS) industry.
It is aimed at providing ADAS to the premium electric mobility technology brand from Geely Holding Group.
As part of the expanded partnership, Mobileye will engage with ZEEKR to develop advanced ADAS systems with increasingly sophisticated capabilities for various ZEEKR models.
Intel senior vice president and Mobileye co-founder and CEO Amnon Shashua said: “ZEEKR’s powerful vision for the future of driving make them an ideal partner to Mobileye.
“By working closely together, we have an exciting opportunity to reach a new level of excellence in ADAS, bringing to market what will be the industry’s most state-of-the-art, full-feature system.”
Featuring Mobileye SuperVision, the partnership is anticipated to commence with the launch of ZEEKR vehicles in the fourth quarter of this year.
Mobileye SuperVision is a full-stack ADAS solution powered by two EyeQ5 system-on-chip (SoC) devices processing data from 11 cameras.
In addition, the two companies intend to work together on a next-generation system, which will be powered by six EyeQ5 SoCs to provide a new standard for a comprehensive ADAS experience.
The system is expected to make a global launch in 2023.
Mobileye’s partnership with ZEEKR follows a $500m equity investment raised by Geely’s EV brand from five companies.
The funding round attracted a $100m investment from Intel Capital, a division of Intel.
It is expected to be utilised by building a complete ZEEKR ecosystem to provide advanced mobility solutions in the industry.
Intel Capital said that the investment is in line with the mission of investing in disruptive technologies and expands its portfolio of mobility investments.
The funding, which values ZEEKR at nearly $9bn, allows the five investors to gain a 5.6% stake in the company.