Mobileye makes deal to bring robo-taxis to Dubai
Sep. 23, 2020 10:54 AM ET|About: Intel Corporation (INTC)|By: Brandy Betz, SA News Editor
Intel's (NASDAQ:INTC) Mobileye is teaming up with UAE’s Al Habtoor Group for a robo-taxi fleet that could launch by the end of 2022.
Mobileye has agreements to deploy its autonomous vehicle tech in cities in France, Israel, Japan, and South Korea. Dubai now joins that list.
The JV will start by outfitting 1,000 vehicles with Mobileye's tech to map out the city and collect data.
Testing will start next year, a pilot program should launch by the end of 2022, and commercial service could be available in 2023.
The deal follows last week's historical accord between Israel and the UAE, but the companies had reportedly been in talks for months.
Intel acquired Mobileye in 2017 for $15.3B.
Market Data 
Markets 
AI
