- Sports car manufacturer Porsche (OTC:DRPRF) and technology company Mobileye Global Inc (NASDAQ:MBLY) have entered into a strategic collaboration for series production of premium advanced driver assistance system (ADAS) solutions.
- In future models, Porsche plans to offer automated assistance and navigate-on-pilot functions based on the Mobileye SuperVision technology platform.
- Also Read: Porsche Clocks 25% Jump In Q1 Revenue, Representing Strong Start In Its Anniversary Year
- Mobileye SuperVision enables drivers to take their hands off the steering wheel on various road types while visually monitoring their surroundings, depending on local laws and traffic situations.
- “Mobileye is one of the world’s leading providers of automated driving functions. This technology will help us forge ahead with our strategy of modern, sporty luxury,” said Oliver Blume, Chairman of the Executive Board of Porsche.
- Price Action: MBLY shares are trading higher by 4.5% at $40.81 on the last check Tuesday.
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