Intel and Mobileye have announced that they will commercialize self-driving cars by 2024. As Intel officially enters the self-driving car race, it is expected to compete directly with Google's Waymo and General Motors' Cruise, which are ahead of other brands in terms of self-driving evaluation.
Mobileye is a company with world-class expertise and technology in self-driving car crash detection systems and mapping software. Based on Mobileye's unmatched technology, Intel has been working with major startups in Silicon Valley to commercialize autonomous driving.
As part of the development of the technology, Intel Mobileye expects to launch a new type of self-driving car in 2024. It comes in the form of a pure electric car, most likely a 12- to 14-seat van. The company's goal is to demonstrate the ability to reach a designated location without human assistance by applying advanced software technology. However, the speed of the self-driving shuttle is limited to around 40 to 50 km/h within the set range.
Production will be carried out by Benteler EV Systems, a member of the German automotive components group Benteler International AG. It plans to build shuttles that meet automotive and public road safety standards.
In 2017, Intel acquired Israeli self-driving company Mobileye for $15.3 billion. Since then, there has been no significant effect, but from now on, it is starting to produce positive effects. In addition, the battle for technological leadership among existing IT companies, including Google, has begun, which has been evaluated as the beginning of high-level competition regardless of industry.
Mobileye unveiled the EyeQ Ultra chip for autonomous driving at CES 2022. It's a supercomputer that can handle 176 trillion operations per second, with the goal of being installed in a mass-produced self-driving car by 2025 after mass production in 2023.
Meanwhile, several tech companies such as Google, Cruise, Magna, Bosch, Neuro, and Yandex have announced that they will release Level 4 self-driving cars around 2020. However, due to various legal restrictions, the actual mass production schedule has been continuously delayed. With the addition of Intel, how the market landscape will be restructured is highly anticipated.