BMW Group is reportedly ready to announce a development partnership for autonomous vehicle technology with Mobileye and Intel.
According to people familiar with the matter today, BMW CEO Harald Krueger is expected to join senior executives from Israeli collision detection software maker Mobileye and U.S. chipmaker Intel for an event Friday announcing details on the alliance. Mobileye is known for its collision-detection systems, and Intel has made a move in recent years providing dashboard entertainment and information services.
Mobileye provides cameras, software and other components that allow vehicles to see the world around them. Analysts estimate its systems have 70 percent of the market share for collision-detection systems, a key enabler for autonomous driving. BMW and Tesla Motors are customers of Mobileye, and Volkswagen and General Motors have made agreements to use Mobileye systems in the future.
Intel still holds the lead on the global computer-processor market, but is fairly new to automotive. The company is producing components being used by automakers inside entertainment and information systems in vehicles; however, it lags behind other companies including NXP Semiconductors and Infineon Technologies in providing chips to the auto industry.
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Other automakers are continuing to have talks, and forge alliances with, other technology suppliers such as Google and Apple as interest grown in autonomous vehicles. Mobileye has an existing working relationship with French-Italian chipmaker STMicroelectronics, which manufactures Mobileye sensor systems. STMicroelectronics declined to comment on the upcoming agreement with Intel and BMW.
BMW has shown its commitment to self-driving technology, and electrified vehicles, by unveiling the Vision Next 100 concept in March and providing more details in May. The German automaker said a new autonomous electric flagship for 2021 built under the “i NEXT” banner is part of its business plan for the “next 100 years.”
Few specifics were offered by CEO Harold Krueger in May, but the car that will build on its Vision Next 100 concept could not only top the company’s i-Series range, but also replace the 7-Series as BMW seeks to reinvent itself.