Mobileye To Power Lucid Motors Vehicle

Mobileye NV MBLY signed a deal to provide autonomous driving capability on the vehicles of Lucid Motors, a luxury mobility company.

Mobileye will offer Advanced Driver Assistance System (ADAS) suite for Lucid, which will launch its first car, the Lucid Air, with features including camera, radar and lidar sensors.

Jerusalem-based Mobileye was chosen to provide the primary compute platform, full 8-camera surround view processing, sensor fusion software, Road Experience Management (REM) crowd-based localization capability, and reinforcement learning algorithms for Driving Policy.

Mobileye is expected to provide a dual set of EyeQ4 system-on-chips that would power a full 8-camera surround view system, providing full 360-degree visual perception.

Mobileye also will offer sensor fusion software that incorporates data from radar and lidar sensors, along with the camera set.

"Mobileye's suite of automated driving technologies represents key elements in the development of automated driving systems in the Lucid Air," Peter Rawlinson, CTO of Lucid said in a press release.

Shares of Mobileye hit their highest level in a month on Thursday to close the session at $38.44. In the pre-market hours Friday, they gained 1.20 percent to $38.90.