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Continental joins Intel, Mobileye self-driving car platform

  • Continental (OTCPK:CTTAF, OTCPK:CTTAY) announces plans to join the autonomous vehicle platform developed by Intel (NASDAQ:INTC), Mobileye (NYSE:MBLY), and BMW.
  • Continental will handle component and software integration and help commercialize the platform, which the cooperative will sell to other automakers.
  • The self-driving car platform has a targeted production date of 2021 using Mobileye’s driver assistance technology, which motivated Intel to acquire the company in a $15B deal that’s still closing.
  • Team-ups between tech and car companies have become common in the self-driving car race due to the costs involved. Chinese tech giant Baidu has deals with several automakers including Continental to use and promote its platform. 
  • Previously: Baidu, Continental AG sign self-driving vehicle agreement (May 31)

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