fbpx

Type to search

Intel Unit, Geely Eye World’s First Self-Driving Car in 2024


Notice: Undefined index: imp_points in /var/www/asiafinancialcom/wp-content/themes/atf/single.php on line 130

The two companies said at the Consumer Electronics Show in Las Vegas that the car will have what automotive engineers call level 4 autonomy


Companies are under increasing pressure from investors and the public to reduce their carbon footprint, and Chinese automakers have led the way in Japan through their relatively low-cost battery electric vehicles. Image: Intel.

 

Mobileye, Intel Corp’s autonomous driving unit, said it plans to work with Geely Holding-backed Zeekr to launch in China what the companies claim will be the world’s first mostly self-driving car in 2024.

The two companies said at the Consumer Electronics Show in Las Vegas that the car will have what automotive engineers call level 4 autonomy, meaning that it will still have a steering wheel and require a licensed driver but will be able to drive itself in many situations.

It will use six of Mobileye’s EyeQ 5 chips and also employ its road-mapping data.

Chen Qi, former director of Huawei’s autonomous driving department, now leads Zeekr’s self-driving team. Last month, Geely said Zeekr would make electric vehicles for Waymo, Alphabet’s self-driving unit.

Geely, the fast-growing Chinese automaker that owns the Zeekr brand, has recently explored manufacturing cars in South Korea that could be exported to the US duty-free.

 

Intel Racing to Catch Up

Intel, which is hungry for cash to build chip factories and racing to catch up with rivals like Taiwan Semiconductor Manufacturing Co that have taken away Intel’s lead in making the fastest chips, said last month it plans to spin out a portion of Mobileye in an initial public offering.

Mobileye on Tuesday also said it is deepening its relationship with Ford Motor Co.

The two firms said that Ford will use Mobileye’s road-mapping data system in future versions of Ford’s “BlueCruise” that allows hands-free driving in some situations.

Volkswagen would also start using some Mobileye mapping data products for its driver-assistance features, such as automated lane keeping, the company said.

Mobileye on Tuesday also unveiled the next generation of its flagship computer chip, which is designed to use minimal electricity.

The company said that prototypes of the chip would be ready next year, with automotive production of the chips expected in 2025.

 

  • Reuters with additional editing by George Russell

 

READ MORE:

 

SK Hynix Completes First Phase of $9bn Purchase of Intel Unit

 

Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply

 

Geely Warns of Chip Shortage, But Keeps Vehicle Sales Target

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

logo

AF China Bond