JTA NEWS
21 November 2019 - 23 Heshvan 5780 - כ"ג חשון ה' אלפים תש"פ
JTA NEWS :
Mobileye making more inroads into China’s autonomous car market E-mail

Israel-based Mobileye, which makes technology for autonomous driving, is expanding its business in China with two new partnerships, paving the way for smaller Israeli competitors that could benefit from Sino-US trade tensions.

Mobileye, bought by Intel in 2017 for US$15 billion, has been making inroads in China, the world’s biggest auto market, where self-driving projects are being rolled out at a rapid pace.

Mobileye has signed a Memorandum of Understanding with Great Wall Motors to integrate advanced driver-assistance systems in a range of vehicles over the next three to five years and to develop more advanced autonomous systems for China. A second partnership with Beijing Public Transport Corp. and Beijing Beytai aims to bring autonomous driving to public transport. Mobileye did not disclose financial details of the deals.

“There is a strong pull for Israeli technology in China,” said Erez Dagan, the company’s vice president of product and strategy. Mobileye signed 16 deals in China in 2018, when half of the company’s design wins were Chinese, he said.

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