Mobileye secures a contract to provide cloud-enhanced driver assistance systems for Stellantis vehicles starting in 2027.
Mobileye (MBLY) shares surged over 5% in premarket trading after announcing a deal to supply Stellantis N.V. (STLA) with its cloud-enhanced advanced driver assistance systems (ADAS). The technology will be integrated into select Stellantis vehicles beginning in 2027.
The agreement marks another milestone for Mobileye in expanding its automotive partnerships. Stellantis joins a growing list of automakers adopting Mobileye’s ADAS solutions, which leverage cloud connectivity to enhance safety and performance features.
No immediate market reaction beyond the premarket gain was reported, but the deal underscores Mobileye’s push to solidify its position in the autonomous driving sector.