Israel: Israel-based sensor company, Mobileye, has announced another deal with a major automaker to roll out its flagship technology for autonomous driving. The company has teamed up with Intel and BMW to develop new technology for the auto industry that could put self-driving cars on the road by 2021.
The technology will be used to develop the next BMW’s flagship model, iNext, the company said on Friday. iNext will be used as a basis for “fleets of fully autonomous vehicles” to cruise highways and eventually also be available as robo-taxis in cities, BMW said. The platform will be open for other carmakers and technology companies to use.
The alliance highlights a shift in the dynamics of research and development in the car industry, which until recently saw automakers largely dictating terms for suppliers to deliver pre-defined technologies at specified volumes and prices.
The deal will put Mobileye’s flagship localization and mapping technologies in BMW Group cars (that includes the British marques Mini and Rolls-Royce) from next year. It essentially extends the same deal that Mobileye struck last week with Volkswagen, the world’s largest carmaker by sales.
Mobileye’s shares rose over 2% in reaction to the news. The VW deal last week had sent them up 8%.
The partnership is the proof that the company still maintains its lead in automated driver assistance systems (ADAS,) which is one of the hottest topics in the sector by virtue of the race among the world’s biggest automakers to get fully-autonomous cars on the roads.