FAW Group and Mobileye Forge Strategic Alliance in Autonomous Driving
September 14 2023 - 7:00AM
Business Wire
FAW Group aims to initially equip FAW Hongqi vehicles with
Mobileye SuperVision™ and Mobileye Chauffeur™ technology, and build
a deeper technological alliance
FAW Group, one of the largest Chinese automotive groups, and
Mobileye (Nasdaq: MBLY), a global leader in autonomous driving
solutions, have announced a new strategic partnership leveraging
their respective industry advantages in software, hardware and
technology products. The two sides will work together to create new
products based on Mobileye SuperVision™ and Mobileye Chauffeur™
platforms, to empower customers with safe, enjoyable driving
experiences.
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Mr. Qiu Xian Dong, chairman of BOD & secretary of the CPC
FAW Group Committee, and Professor Amnon Shashua, President and CEO
of Mobileye, held the signing ceremony on September 13, in
Changchun. The two companies will start working together on FAW
Hongqi brand vehicles, bringing the Mobileye SuperVision highly
advanced automated driving assist platform to key models of the
Hongqi brand. That will be followed closely by work toward
integrating the Mobileye Chauffeur “eyes-off, hands-off" driving
technology for specified domains into the much-anticipated E701
vehicle. The Mobileye SuperVision projects are expected to be
deployed by end of 2024, with the Mobileye Chauffeur projects
targeted for launch by the end of 2025.
Meanwhile, other brands of FAW Group are in line to gradually
follow, using Mobileye’s platform solutions. In addition, the
parties will conduct comprehensive discussions on feasible plans to
further deepen their cooperation.
As a pioneer of China's automotive industry, FAW Group has
always been committed to building a world-class, green and
intelligent mobility service company that consumers love.
Throughout its 70 years of development, FAW Group has been
constantly refreshing the user experience through technological
innovation and service upgrades.
Mobileye SuperVision will be an integral part of FAW's advanced
driver assistance systems, promising an unparalleled driving
experience in its category. Upon its integration Mobileye Chauffeur
can provide “hands-off, eyes-off" autonomy on specified operational
domains, with adaptive eyes-on driving in other settings, using the
Mobileye SuperVision cameras paired with a front-facing lidar and
Mobileye imaging radar. Both systems will utilize Mobileye’s EyeQ™6
SoC, RSS™-based driving policy, a comprehensive 360-degree camera
system, and precision mapping.
“The target of the cooperation between FAW Group and Mobileye,
both leaders in their respective fields, is to provide cutting edge
ADAS and AV solutions in the Chinese market. This cooperation will
deepen the partnership and alliance between the companies.
Mobileye’s products will be first equipped on the Hongqi brand, and
later expand to the other brands within the FAW Group,” said Mr.
Qiu Xian Dong, Chairman of BOD & secretary of the CPC FAW Group
Committee.
“FAW's selection of Mobileye for this venture underscores the
magnitude of this collaboration,” said Prof. Amnon Shashua,
President and CEO of Mobileye. “Between the scale and expertise FAW
has built over the past seven decades and our world-class
technology, this alliance could shape the future of autonomous
driving in the region and beyond. Drawing from our extensive
experience of delivering our technology to more than 150 million
vehicles globally, we see a future where autonomous driving
improves transportation safety, convenience and accessibility for
millions.”
More details about the projects will be shared in the months
ahead.
About Mobileye
Mobileye (Nasdaq: MBLY) leads the mobility revolution with its
autonomous driving and driver-assistance technologies, harnessing
world-renowned expertise in computer vision, artificial
intelligence, mapping, and data analysis. Since its founding in
1999, Mobileye has pioneered such groundbreaking technologies as
REM™ mapping, True Redundancy™ sensing, and Responsibility
Sensitive Safety (RSS). These technologies are driving the ADAS and
AV fields towards the future of mobility – enabling self-driving
vehicles and mobility solutions, powering industry-leading advanced
driver-assistance systems and delivering valuable intelligence to
optimize mobility infrastructure. To date, more than 150 million
vehicles worldwide have been built with Mobileye technology inside.
In 2022 Mobileye listed as an independent company separate from
Intel (Nasdaq: INTC), which retains majority ownership. For more
information, visit https://www.mobileye.com.
About FAW Group
CHINA FAW GROUP CO., LTD. (FAW Group) is a state-owned mega
automobile enterprise group, which is one of the key construction
projects of the national "First Five-Year Plan." 1953, the
foundation was laid, and the company was put into operation in 1956
and manufactured China's first truck (Jiefang). In 1958, it
manufactured China's first minivan (Dongfeng brand) and the first
high-class sedan (Hongqi brand).
After 70 years of development, FAW Group has established five
production bases in Northeast China, North China, East China, South
China and Southwest China, with a vehicle production capacity of
5.12 million vehicles per year, constructed a globalized R&D
layout, and possessed its own brands such as Hongqi, Jiefang,
Bestune and other joint-venture brands such as Volkswagen (Audi),
Toyota, and so forth, and has cumulatively produced and sold more
than 56 million vehicles (as of the end of August), with its sales
volume consistently ranked No. 1 in China's automobile industry.
The sales volume has always ranked first in China's automobile
industry.
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