Mobileye Secures a Major US Automaker Deal for ADAS Technology

Core Insights - Mobileye Global Inc. has secured a significant deal with a leading U.S. automaker to deploy its EyeQ6H system for advanced driver assistance systems (ADAS), enabling hands-free driving on select highways [2][10] - The agreement encompasses approximately 9 million systems, translating to 9 million chips, and is in addition to a previous order of 10 million units from Volkswagen Group [3][10] - The market reacted positively, with Mobileye's shares increasing by 2.5% following the announcement [3] Technology and Features - The Mobileye Surround ADAS system integrates one high-resolution camera, four corner parking cameras, and multiple radars, allowing hands-free driving at speeds up to 81 mph (130 kph) with features like automated lane changes and highway traffic jam assist [4] - The system aims to reduce costs for automakers by consolidating multiple driving and safety functions onto a single chip and electronic control unit, enhancing safety through advanced detection and monitoring capabilities [5] - Hands-free driving is supported by REM crowdsourced data, covering nearly all highways in the U.S. and Europe, and over 90% of roads in key Asian markets, with more than 8 million vehicles collecting this data globally [6] Growth Prospects - The new deal, alongside the Volkswagen order, is expected to bolster Mobileye's long-term growth and increase demand for its ADAS technology [7]