Mobileye Partners With Volkswagen For Automated DrivingIn a strategic move towards revolutionizing the automotive industry, Volkswagen ( GBEBROKERS:VOWG ) has announced an expansion of its partnership with Mobileye ($MBLY.) to integrate cutting-edge automated driving technologies into series production vehicles. This collaboration marks a significant step forward in Volkswagen's commitment to enhancing safety and convenience across its luxury brands, including Audi, Bentley, Lamborghini, and Porsche.
Mobileye ($MBLY.), the Israeli automotive tech powerhouse, will leverage its advanced SuperVision and Chauffeur platforms to provide driving assistance software tailored for Volkswagen's premium vehicles. These technologies will not only elevate the driving experience but also set new standards for safety and efficiency on the road.
The collaboration between Volkswagen and Mobileye ( NASDAQ:MBLY ) encompasses a range of automated driving functions designed to navigate both highway and urban environments seamlessly. Among these innovations are systems for automated overtaking on multilane highways, automatic stopping at red lights and stop signs, and comprehensive support in navigating intersections and roundabouts. Such advancements promise to redefine the driving experience, offering unparalleled convenience and peace of mind to drivers.
Oliver Blume, CEO of Volkswagen, expressed his enthusiasm for the partnership, emphasizing the transformative impact of the new automated driving functions on both safety and convenience. He highlighted how these advancements align with Volkswagen's vision of delivering state-of-the-art automotive technology to its discerning customers, underscoring the company's commitment to innovation and excellence.
Beyond enhancing the driving experience, Volkswagen's integration of Mobileye's technologies underscores a broader commitment to sustainability and societal well-being. By streamlining traffic flow, reducing congestion, and mitigating the risk of accidents, these automated driving functions hold the potential to create safer, more efficient transportation networks for communities around the world.
Looking ahead, Volkswagen's software unit, Cariad, will play a pivotal role in integrating Mobileye's technologies into its luxury vehicles, ensuring seamless operation and optimal performance. This collaborative effort reflects Volkswagen's holistic approach to innovation, leveraging the expertise of industry leaders to drive progress and shape the future of mobility.
In conclusion, Volkswagen's partnership with Mobileye ( NASDAQ:MBLY ) heralds a new era of automated driving, where cutting-edge technology converges with automotive excellence to redefine the driving experience. As these advanced functions make their way into series production vehicles, Volkswagen reaffirms its position as a trailblazer in the automotive industry, committed to shaping a safer, more connected future on the road.
Mobileyeipo
MOBILE target 0.00531h time frame
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MOBILE is consolidating for around 2 weeks, the consolidation top and bottom are clear to see. Also, we can use volume profile on chart, then the comparable high accumulation price is 0.0036. Furthermore, Fibonacci Projection help us to estimate the other support, which is 0.0035, so we could set up a trading plan as below.
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TP: 0.0053
SL: 0.00297
INTC Mobileye Intel's self-driving-car unit IPOThe chipmaker said it would be taking public its Mobileye self-driving-car unit.
The initial public offering of Mobileye in the U.S. is planned for the middle of next year.
The move could value Mobileye at more than $50 billion, Intel being the biggest shareholder.
My short term price target is the 59usd resistance.
Looking forward to read your opinion about it.