Intel’s (NASDAQ: INTC) Mobileye group announced an expansion of its agreement with Geely Holding Group when it comes to advanced driver-assistance systems (ADAS) and autonomous vehicle technology.
The expansion of this agreement comes after the successful launch of Geely’s ZEEKR 001, a premium electric vehicle (EV) equipped with Intel’s Mobileye full-stack advanced driver-assistance system.
As a part of this expanded agreement, three additional brands under the Geely Holding Group will launch EVs equipped with Intel’s Mobileye SuperVision technology starting next year.
Geely’s ZEEKR will also introduce two new EV models with Intel’s Mobileye SuperVision and develop new lidar-based features with Mobileye.
Prof. Amnon Shashua, Mobileye President and CEO commented, “We have proudly worked with ZEEKR, our strategic partner, on the first consumer deployment of SuperVision technology, demonstrating both its on-road capabilities and its ability to evolve through over-the-air updates.”
Is Intel a Buy, Sell or Hold?
Wall Street analysts are sidelined about Intel with a Hold consensus rating based on four Buys, 16 Holds, and nine Sells. The average price target for Intel is $38.55 indicating an upside potential of 42.9%.
