$NIO Nio's stock teams up with Intel's $INTC Mobileye $MBBYF on self-driving electric cars in China. The collaboration to "develop automated and autonomous vehicles for consumers in China and eventually other major territories. " As part of the partnership, Nio will build a self-driving system designed by Mobileye, and will mass produce the system and integrate the technology into its electric vehicles and for Mobileye's driverless ride-hailing services. Nio will target an initial release in China, and plans to expand into other global markets. "We value the opportunity to bring greater road safety to China and other markets through our efforts and look forward to NIO's support as Mobileye builds a transformational mobility service across the globe," said Mobileye Chief Executive Amnon Shashua. < #autonomousvehicles #AI #MachineLearning $NVDA
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