Mobileye Global (MBLY) said Tuesday that it is working with Volkswagen Group and Valeo to upgrade the advanced driver assistance systems to enhanced partially automated driving in its vehicle portfolio upcoming in the next few years.
This cooperation is expected to improve safety and driving comfort in high-volume vehicles, the company said.
The system will offer features like hands-free driving, traffic jam assist, hazard detection, parking assist, driver monitoring and 360-degree emergency assist.
Mobileye's shares were up more than 5% in recent premarket activity.
Price: 16.11, Change: +0.85, Percent Change: +5.57
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