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EXEED, CHERY AUTO’S LUXURY BRAND CHOOSES MOBILEYE AND WBTL TO LAUNCH FIRST CLOUD-ENHANCED DRIVER-ASSIST IN CHINA

>> The system uses continuous updates to enable vehicles to adapt to road conditions.

Wuhu – EXEED, Chery Auto's luxury brand, announced today it will be the first automaker in China to launch a Cloud-Enhanced Driver-Assist™ system, joining with Mobileye (Nasdaq: MBLY) and WBTL ADAS to debut the technology on the Exeed VX.

The EXEED VX with the Cloud-Enhanced Driver-Assist system can leverage continuous updates to enable vehicles to adapt to various driving situations. This system is particularly effective in challenging scenarios, such as poor visibility or complex traffic situations, demonstrating Chery/EXEED’s commitment to safety and technological innovation.

"The introduction of the Exeed VX equipped with Mobileye Cloud-Enhanced Driver-Assist technology represents a major leap forward," said Dr. GAO Jiabing, Head of Automated Driving, Assistant of General Manager of Chery Auto. "This collaboration with Mobileye and WBTL underscores our dedication to setting new standards in automotive safety and technological advancements."

The cloud-enhanced functions leverage Mobileye’s REM™ technology, and will launch in February 2024, and by the first quarter of 2024 will support more than 37 cities across China, soon reaching wider coverage across the country. It enables unique features such as lane-keeping on roads without lane markings and adaptation to the applicable driving speed.

"Launching with Chery/EXEED, for the first time in China, our Cloud-Enhanced Driver-Assist technology is a significant step" said Elie Luskin, VP and China Managing Director at Mobileye. "Chery/EXEED's focus on safety and their reach in both domestic and international markets align perfectly with Mobileye's crowd-based technology, offering a unified solution across different regions. Implementing Mobileye REM technology in Chery/EXEED vehicles will not only enhance driver safety but also contribute to overall road safety."

Jerusalem and Zagreb – Mobileye, a global leader in autonomous driving solutions, and Project 3 Mobility (P3), a Croatian company building a new ecosystem for urban autonomous mobility, today announced a collaboration to explore a new mobility service, utilizing Mobileye’s scalable self-driving technology, Mobileye Drive™.

Project 3 Mobility aims to significantly improve transportation in urban areas and revolutionize mobility in cities. The first P3 service is aimed to be launched in Zagreb in 2026, with testing and validation of Mobileye's AV solution on the streets of the Croatian capital targeted to start in 2024.

Project 3 Mobility's mission is to redefine urban mobility into a safe, effortless, and premium user experience. By leveraging technology and innovation, P3 is creating a ground-breaking ecosystem consisting of three key elements: an autonomous electric vehicle, specialized infrastructure, and a mobility service platform. Project 3 Mobility is developing a fully autonomous electric vehicle fundamental for implementing this new urban mobility ecosystem. The vehicle is built on a completely new platform designed around safety and comfort, fully utilising the benefits of autonomous driving. Mobileye technology will be integrated into the P3 vehicle, which will use the Mobileye Drive autonomous driving solution that has also been adopted by some of the world’s leading automotive companies.

For the past two decades, Mobileye has used the power of computer vision and artificial intelligence to improve automotive safety, with approxtimately 170 million vehicles integrating Mobileye technology to date. The Mobileye Drive combination of redundant camera and lidar-radar sensing, REM™ crowdsourced mapping and transparent driving policy – all powered by the EyeQ™ system-on-chip - enables Mobileye to offer scalable, adaptable autonomous driving for robotaxis and Mobility-as-a-Service (MaaS) providers. The big benefits of Mobileye Drive are that it can be deployed in a wide range of geographic locations, on many different road types; that it can drive under varying weather conditions; and that it can adapt itself to local driving styles, all of which are crucial for Project 3 Mobility’s service scalability.

P3 has already signed agreements with 9 cities across the EU, UK and GCC to provide its urban autonomous service, and 30 more cities are planned to follow. Also, Project 3 Mobility is about to establish a production facility in Croatia for the large-scale production of autonomous vehicles that will be deployed worldwide.

"We welcome this innovative collaboration with Project 3 Mobility to bring an exciting and promising new mobility service to life," said Prof. Amnon Shashua, founder and CEO of Mobileye. "We share the vision of making urban mobility safer and more accessible, and with the flexibility of Mobileye Drive to adapt to different vehicle types, we’re excited to explore new frontiers in mobility services."

"We are committed to improving how people move in cities. Our collaboration with Mobileye is a cornerstone for achieving that vision. Mobileye has proved to be a great partner that has the right experience, the right technology, and the right team. Together we will make that vision of urban autonomous mobility a reality. I am very excited to share more details in the next few months", said Marko Pejković, CEO of Project 3 Mobility.

Project 3 Mobility’s planned Mobility-as-a-Service project aims to provide customers with more than just transportation from point A to point B. The goal is to give customers an improved user experience tailored to their needs, by giving back time spent in traffic, opening possibilities for leisure or work. The realization of P3‘s project aims to increase efficiency and safety in traffic and achieve a positive impact on the environment and city infrastructure. The project aims to create significant benefits for Zagreb and many other cities that will provide this service.

HIRAIN TO MASS PRODUCE FIRST MOBILEYE EYEQ6-BASED ADAS SYSTEM IN CHINA

>> Hirain will produce the first ADAS systems in China to use the Mobileye EyeQ6L system-on-chip

BEIJING -- HiRain Technologies, a system provider of intelligent driving solutions to automakers in China, proudly announces the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, poised to debut in China in the second quarter of 2024. This marks a significant stride in advancing automotive safety and comfort features.

The EyeQ6, the newest member of Mobileye's systems-on-chip portfolio, is engineered to redefine performance and efficiency in both core and premium ADAS offerings. Featuring Mobileye's sophisticated vision-based sensing technology, the EyeQ6 Lite excels in real-time detection and analysis of its surroundings. Its advanced AI algorithms process this information, enabling precise decision-making in diverse driving conditions. The EyeQ6 Lite also supports Cloud-Enhanced ADAS, providing automakers with a single solution for both the Chinese and international markets.

Working with HiRain, the EyeQ6 Lite has been optimized for a variety of vehicles. Its compact design and low power consumption make it ideally suited for integration into current vehicle platforms, transforming it into a pivotal component in intelligent transportation.

"Our collaboration with Mobileye since 2012 has now brought forth the EyeQ6 Lite-based ADAS, HiRain's 7th generation in this series," said Dr. Chengjian Fan, Deputy General Manager of HiRain. "Its outstanding performance, including L2+ features like AEB, ACC, LKA, iACC, TJA, and ENCAP2023 5-star compliance, offers our OEM clients a reliable, cost-effective product."

The EyeQ6 line builds on more than 170 million EyeQ units delivered globally since 2007, enabling key safety features such as automatic emergency braking for dozens of automakers worldwide.

"The EyeQ6 Lite project is a symbol of our steadfast dedication to safety and automotive-grade excellence," stated Elie Luskin, Mobileye Vice President, and Managing Director of Mobileye China. "Our robust partnership with HiRain, spanning projects from EyeQ™3 to SuperVision™, reflects our shared vision for high-quality, reliable automotive innovations. This collaboration has been key in advancing both safety standards and technological sophistication in the automotive industry."