HiRain to Mass Produce First Mobileye EyeQ™6-Based ADAS System in China
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The introduction of HiRain Technologies' advanced driver-assistance systems (ADAS) featuring Mobileye EyeQ6 Lite is a significant development in the automotive sector. The ADAS market is expected to grow substantially due to increased demand for safety features and regulatory pressures for safer vehicles. The EyeQ6 Lite's capabilities, such as real-time detection and analysis and support for Cloud-Enhanced ADAS, position it as a competitive product in this expanding market. By offering features like automatic emergency braking (AEB), adaptive cruise control (ACC) and compliance with ENCAP2023 5-star safety standards, HiRain is aligning with industry trends that prioritize safety and automation.
From a market perspective, the collaboration between HiRain and Mobileye could potentially lead to increased market share for both companies in China and internationally. The emphasis on L2+ features indicates an approach toward semi-autonomous driving technology, which is a rapidly growing segment. This move might also stimulate competition among other ADAS providers, possibly leading to further innovations and cost reductions in the industry.
The announcement of the EyeQ6 Lite-based ADAS system signals potential future growth for HiRain Technologies and its partnership with Mobileye. Investors should monitor the impact of this product launch on HiRain's revenue streams and market valuation. Given the scale of the Chinese automotive market and the global reach of Mobileye's technology, the financial implications could be significant. The adoption rate of the new EyeQ6 Lite system by OEM clients will be a critical factor in determining its success.
Moreover, the long-term partnership between HiRain and Mobileye, which has been ongoing since 2012, suggests a stable and potentially lucrative relationship. This could inspire investor confidence and possibly attract further investment. The financial performance of both companies post-launch will be an important indicator of the strategic value of this collaboration.
The launch of the EyeQ6 Lite-based ADAS by HiRain Technologies represents a technological leap in the automotive industry, particularly in the realm of intelligent transportation. The integration of advanced AI algorithms for decision-making and the system's low power consumption reflect the industry's drive towards more efficient and intelligent vehicles. The system's compact design is also indicative of the ongoing trend in the automotive industry to develop modular and scalable solutions that can be easily integrated into existing vehicle platforms.
The EyeQ6 Lite's support for L2+ features, such as lane keeping assist (LKA) and traffic jam assist (TJA), positions HiRain at the forefront of the transition towards semi-autonomous vehicles. The industry is moving towards higher levels of vehicle automation and the EyeQ6 Lite's capabilities align with this trajectory. As a result, HiRain and Mobileye are not only contributing to enhanced safety but are also shaping the future direction of vehicle technology.
HiRain and Mobileye (Graphic: Business Wire)
The EyeQ6, the newest member of Mobileye's systems-on-chip portfolio, is engineered to redefine performance and efficiency in both core and premium ADAS offerings. Featuring Mobileye's sophisticated vision-based sensing technology, the EyeQ6 Lite excels in real-time detection and analysis of its surroundings. Its advanced AI algorithms process this information, enabling precise decision-making in diverse driving conditions. The EyeQ6 Lite also supports Cloud-Enhanced ADAS, providing automakers with a single solution for both the Chinese and international markets.
Working with HiRain, the EyeQ6 Lite has been optimized for a variety of vehicles. Its compact design and low power consumption make it ideally suited for integration into current vehicle platforms, transforming it into a pivotal component in intelligent transportation.
"Our collaboration with Mobileye since 2012 has now brought forth the EyeQ6 Lite-based ADAS, HiRain's 7th generation in this series,” said Dr. Chengjian Fan, Deputy General Manager of HiRain. “Its outstanding performance, including L2+ features like AEB, ACC, LKA, iACC, TJA, and ENCAP2023 5-star compliance, offers our OEM clients a reliable, cost-effective product."
The EyeQ6 line builds on more than 170 million EyeQ units delivered globally since 2007, enabling key safety features such as automatic emergency braking for dozens of automakers worldwide.
"The EyeQ6 Lite project is a symbol of our steadfast dedication to safety and automotive-grade excellence," stated Elie Luskin, Mobileye Vice President, and Managing Director of Mobileye China. "Our robust partnership with HiRain, spanning projects from EyeQ™3 to SuperVision™, reflects our shared vision for high-quality, reliable automotive innovations. This collaboration has been key in advancing both safety standards and technological sophistication in the automotive industry."
About HiRain
Founded in 2003, HiRain focuses on providing customers in the fields of automobile and unmanned transportation with electronic products, R & D services and overall solutions for high-level intelligent driving. Headquartered in
About Mobileye
Mobileye (Nasdaq: MBLY) leads the mobility revolution with its autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in computer vision, artificial intelligence, mapping, and data analysis. Since its founding in 1999, Mobileye has pioneered such groundbreaking technologies as REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety (RSS). These technologies are driving the ADAS and AV fields towards the future of mobility – enabling self-driving vehicles and mobility solutions, powering industry-leading advanced driver-assistance systems and delivering valuable intelligence to optimize mobility infrastructure. To date, more than 170 million vehicles worldwide have been built with Mobileye technology inside. In 2022 Mobileye listed as an independent company separate from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit https://www.mobileye.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240122942464/en/
Justin Hyde
justin.hyde@mobileye.com
Source: Mobileye
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