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Mobileye rises on deal to supply Stellantis with cloud-based driver assistance tech

BUZZ-Mobileye rises on deal to supply Stellantis with cloud-based driver assistance tech

** Shares of autonomous driving technology company Mobileye Global MBLY.O rise 4.3% to $9.34 premarket

** Co to supply cloud-enhanced driver assistance technology for select future Stellantis vehicles from 2027

** Says the technology supports features including hands-free, eyes-on driving in designated areas and conditions

** The first planned applications are expected in select U.S. models next year

** Up to last close, stock down about 14.3% YTD


(Reporting by Anzar Mehraj in Bengaluru)

((Anzar.Mehraj@thomsonreuters.com;))

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