Mobileye has recorded second quarter net income of US£27m, up from US$15.3m in the same period last year.
“Commercial and strategic achievements in Q2 capped a first half in which we secured new business at all levels, from ADAS through fully autonomous, as well as introduced innovative new products, such as Road Experience Management (REM),” said Mobileye co-founder, president and CEO, Ziv Aviram.
Go deeper with GlobalData
“In addition to winning new ADAS programmes and new Tier-1 partnerships, we have begun an expansion of our value proposition by creating partnerships with automakers and others in order to bring fully autonomous driving to volume production within the next five years.
“The BMW/Intel/Mobileye partnership is the first significant collaboration of this type and we anticipate others.
“Overall, we believe we have made important progress in advancing our strategy of securing a significant, long-term presence in all levels of autonomous driving.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
