Unicorn - Mobileye signs partnership agreement with Porsche

Published on

20/6/2023

Amended on

25/3/2024

minute(s)

Intel subsidiary Mobileye, a specialist in driver assistance systems, has teamed up with Porsche to integrate the "Navigate-on-Pilot" function into its luxury vehicles. Thanks to 11 cameras, these cars will be able to navigate, change lanes and overtake automatically. Valued at $17 billion, Mobileye reported sales of $565 million in Q4 2021.

Damien Hélène

This article has been automatically translated. Please excuse any inaccuracies or translation errors.

Mobileye, a Nasdaq-listed Intel subsidiary specializing in advanced driver assistance systems, has just signed a partnership agreement with Porsche. The luxury brand's vehicles are to be equipped with the "Navigate-on-Pilot" function, which can follow navigation routes, change lanes autonomously and automatically overtake slower drivers on multi-lane roads thanks to eleven cameras positioned around the car. Valued at $17 billion, Mobileye also counts BMW and Nissan as customers, and reported sales of $565 million in Q4 2022 (up 59% on 2021).

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