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.

"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." 

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