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Volkswagen, Intel, and Champion launch self-driving JV

Published 10/29/2018, 02:12 PM
© Reuters.  Volkswagen, Intel, and Champion launch self-driving JV
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  • Volkswagen (DE:VOWG_p) Group (OTCPK:VWAGY), Intel’s (NASDAQ:INTC) Mobileye (OTC:MBBYF), and Champion Motors will deploy Israel’s first self-driving ride-hailing service starting next year.
  • The companies will form a JV as New Mobility in Israel. Volkswagen will supply the electric vehicles and related knowledge. Mobileye will provide its Level 4 AV Kit, a turn-key driverless solution with hardware, driving policy, safety software, and map data. Champion will run fleet operations and the control center.
  • The New Mobility project will serve as a global beta site and start in early 2019 with commercialization expected by 2022.
  • Now read: Intel: Nonsensical Price


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