Mobileye Announces Plans for a Vertically Integrated Robotaxi Business
Mobileye (MBLY) announced plans to launch its own autonomous ride-hailing business with an initial fleet of 100 driverless robotaxis in the U.S. by 2027, potentially scaling up to 17,000 vehicles over five years if successful. The move marks a strategic shift from supplying ADAS systems to entering the consumer ride-hailing market directly.
Topics: autonomous vehicles business strategy robotaxi stock movement