ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconFacebook IconIcon FacebookGoogle Plus IconLayer 1InstagramCreated with Sketch.Linkedin IconIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerIcon Opinion QuotePositive ArrowIcon PrintRSS IconIcon SearchSite TitleTitle ChevronTwitter IconIcon TwitterYoutube Icon
Business

Mobileye expanding presence in China

Israeli self-driving tech startup winning contracts from Chinese EV makers

  © Reuters

TAIPEI -- Israeli self-driving sensor startup Mobileye is making inroads into China, the world's largest auto market, by securing contracts with Chinese electric bus and car makers to use its advanced driver-assistance systems, a company executive told the Nikkei Asian Review.

Mobileye Sales Director David Oberman, second from right, said his company is winning new partners in China. (Photo by Debby Wu)

"Mobileye is already working with electric bus manufacturers in China. Yutong, the biggest bus maker in the world, is already using Mobileye. They make 70,000 buses every year, and they've decided to put Mobileye in every electric bus," Mobileye Sales Director David Oberman told the Nikkei Asian Review in an exclusive interview on Aug. 30.

"Other bus makers have decided to follow in a few months or next year. We will see many bus companies in China using Mobileye for the ADAS in the electric buses. It's a clear trend," Oberman said.

ADAS is seen as a precursor to fully driverless technology.

Oberman said his company is already working with Nio, a Chinese electric car startup bankrolled by Tencent and Baidu, and will announce another China-based electric car maker as a new partner soon.

The Mobileye executive's comments came at a time when its main rival Nvidia is also working relentlessly to grow its sphere of influence in China's driverless technology market.

In July, Nvidia announced that it is partnering with Baidu to accelerate the development of artificial intelligence, including autonomous driving technology.

According to research firm IHS Markit, global ADAS system sales will surpass 302 million units annually in 2022.

Research firm Strategy Analytics said in a recent report commissioned by Intel that nearly 50% of all cars sold in 2050 will be fully autonomous. By then the so-called "passenger economy," based on pilotless vehicles, is likely to become a $7 trillion market, the firm said.

To gain a technological edge in this emerging market, Intel announced it would acquire Mobile for $15 billion in March. The deal was closed in early August.

Intel and Mobileye are now planning to roll out a fleet of 100 test cars for fully autonomous driving in the U.S., Israel and Europe, with the first vehicles coming out later this year.

The Intel-Mobileye self-driving platform now boasts BMW, Delphi, Fiat Chrysler and Continental as its partners.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media