Swedish electric car brand Polestar Automotive Holding UK PLC PSNY has entered into a collaboration agreement with Mobileye Global Inc MBLY to bring autonomous technology to Polestar 4, with the potential to extend it to more vehicles.
The technology will use the Mobileye Chauffeur AV platform that will be manufactured and integrated by ECARX.
Mobileye Chauffeur will add an extra layer of on-demand convenience to Polestar's performance electric vehicles that are primarily designed for driver engagement and exciting dynamics.
Chauffeur will offer hands-off and eyes-off, point-to-point autonomous driving on highways, as well as eyes-on automated driving for other environments.
Also Read: Polestar's Electric Odyssey: 150,000 Polestar 2 EVs Made, Upgraded Versions Rolling Out
Polestar 4 will feature a Mobileye SuperVision-based advanced driver assistance system from the start.
Polestar 4 goes on sale in China today and will be available globally in 2024.
"We know that driving yourself is not always fun and exciting – this technology means our customers could enable autonomous driving when they want, making all future journeys enjoyable," said Polestar CEO Thomas Ingenlath.
Also Read: Polestar Adopts North American Charging Standard In US & Canada
Price Action: PSNY shares are trading higher by 0.56% at $3.64 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.