SAN JOSE, Calif. and JERUSALEM, Jan. 3, 2017 /PRNewswire/ -- Today NIO
and Mobileye N.V. (NYSE: MBLY), announced that they have
signed a Memorandum of Understanding for a strategic partnership to
jointly develop differentiated L4 autonomy for NIO US vehicles by 2019.
NIO USA vehicles will be built
upon the Car 3.0 stack, a set of integrated modular technologies
and infrastructure conceived from the ground up for L4 Autonomous
Electric Vehicles. In its entirety, the Car 3.0 stack will
deliver transformational digitally immersive user experiences for
their customers. NIO USA
plans to launch its first vehicles built fully in 2019.
As part of the engagement, Mobileye will provide an EyeQ®-based
compute platform hosting Mobileye solutions for full 8-camera
surround vision and sensor fusion. These solutions will be
deployed within the L4 Autonomy module of NIO USA's Car 3.0 stack. NIO USA will develop certain L4 AD features that
augment the Mobileye system, and enable NIO's Car 3.0 stack to
deliver specific target experiences for vehicle users.
"At NIO USA we are focused on
delivering amazing digitally immersive user experiences in our
vehicles, made possible only by our Car 3.0 stack," said
Padmasree Warrior, CEO of NIO
USA. "Autonomy is an important
module of our Car 3.0 stack. We are delighted to be
partnering with Mobileye on the L4-AD system module, which will
interact with the rest of the Car 3.0 stack to deliver unique,
purpose-built user experiences available only to our
customers."
"We look forward to having NIO as a strategic partner and to our
joint global development for L4 autonomy by 2019," said Professor
Amnon Shashua, Chairman and CTO of
Mobileye. "Mobileye will work with NIO on the EyeQ4 and later EyeQ5
from deployment of computer vision and fusion with radars and
lidars, to REM™ mapping and driving policy algorithms."
If you have questions, please contact:
NIO
Annie Weckesser
+1 408 219 2408
annie.weckesser@nio.com
Mobileye Investor Relations
Dan Galves
+1 917 960 1525
Dan.galves@mobileye.com
Mobileye Media Relations
Alexis Blais
+1 203 682 8270
mobileyepr@icrinc.com
About NIO
NIO is a global start-up, designing and
developing smart, high-performance, premium electric vehicles. NIO
has recruited thousands of world-class R&D and design experts
from around the world with significant technology and management
background from leading automobile and high tech companies. It has
more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. In
October it announced that it was issued an Autonomous Vehicle
Testing Permit by the California DMV and it would begin testing on
public roads under the Autonomous Vehicle Tester Program guidelines
as it progresses on its path to bring autonomy to market. Investors
include Tencent, Temasek, Sequoia
Capital, Lenovo, TPG and other world-renowned investment
institutions. The company is also involved in the FIA Formula
Championship, the world's first single-seater, all-electric racing
series. The NextEV NIO Formula E team won the inaugural drivers'
championship title in 2015. Learn more at nio.com.
About Mobileye
Mobileye N.V. is the global leader
in the development of computer vision and machine learning, data
analysis, localization and mapping for Advanced Driver Assistance
Systems and autonomous driving. Our technology keeps passengers
safer on the roads, reduces the risks of traffic accidents, saves
lives and has the potential to revolutionize the driving experience
by enabling autonomous driving. Our proprietary software algorithms
and EyeQ® chips perform detailed interpretations of the visual
field in order to anticipate possible collisions with other
vehicles, pedestrians, cyclists, animals, debris and other
obstacles. Mobileye's products are also able to detect roadway
markings such as lanes, road boundaries, barriers and similar
items; identify and read traffic signs, directional signs and
traffic lights; create a RoadBook™ of localized drivable paths and
visual landmarks using REM™; and provide mapping for autonomous
driving. Our products are or will be integrated into car models
from more than 25 global automakers. Our products are also
available in the aftermarket.
Forward-Looking Statements
This press release contains
certain forward-looking statements. Words such as "believes,"
"intends," "expects," "projects," "anticipates," and "future" or
similar expressions are intended to identify forward-looking
statements. These statements are only predictions based on our
current expectations and projections about future events. You
should not place undue reliance on these statements. Many factors
may cause our actual results to differ materially from any
forward-looking statement, including the risk factors and other
matters set forth in the public filings of each of the parties to
this press release. Neither party undertakes any obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as may be
required by law.
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SOURCE Mobileye