Chinese Automotive Company FAW Group and Mobileye Forge Strategic Alliance in Autonomous Driving, Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Chinese automotive group, FAW Group, and autonomous driving solutions provider, Mobileye (NASDAQ:MBLY), have announced a strategic partnership. They will collaborate to create new products based on Mobileye's SuperVision and Chauffeur platforms.
September 14, 2023 | 11:04 am
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Mobileye's strategic partnership with FAW Group could boost its market presence in China and lead to increased demand for its autonomous driving solutions.
The partnership with FAW Group, one of the largest automotive groups in China, could significantly expand Mobileye's market presence in China. This could lead to increased demand for its autonomous driving solutions, potentially boosting its revenues and stock price in the short term.
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