[230509] #Mobileye #Kodiak #Einride

1. Berenberg Bank Issues Buy Rating for Mobileye Global, Hedge Funds Invest

• • Berenberg Bank issued a “buy” rating for Mobileye (MBLY), a leading supplier of vision-based Advanced Driver Assistance Systems (ADAS).
  • The company’s recent partnerships with major automakers such as BMW and Volkswagen are expected to lead to significant revenue growth.
  • The company has a diversified customer base, including automakers, suppliers, and aftermarket customers, which helps to reduce its reliance on any single customer.
  • Mobileye’s cutting-edge technology, including its EyeQ chip and mapping technology, gives it a competitive edge in the market.
  • The increasing demand for ADAS and autonomous driving technology is expected to drive the growth of the global automotive semiconductor market, of which Mobileye is a key player.
  • However, the company faces competition from other established players in the market, such as Nvidia and Intel.
  • Despite the potential risks and uncertainties, Berenberg Bank believes that Mobileye’s strong market position and focus on safety make it a compelling investment opportunity for long-term investors.

2. Kodiak Robotics Introduces First-Ever Autonomous Electric Class 8 Truck

• • Kodiak Robotics has introduced the first-ever autonomous electric Class 8 truck, the Kodiak Driver.
  • The Kodiak Driver is a Level 4 autonomous truck, which means it is capable of operating without a human driver under certain conditions.
  • The truck is powered by a battery-electric drivetrain and has a range of up to 350 miles on a single charge.
  • The Kodiak Driver is equipped with a suite of sensors, including lidar, radar, and cameras, to provide 360-degree coverage and help it navigate safely.
  • The truck is designed to operate on highways, transporting goods between distribution centers and other hubs.
  • Kodiak Robotics plans to launch its autonomous trucking service in Texas, with operations expected to begin in 2023.
  • The company has already partnered with several shippers and carriers to test its technology and develop its autonomous trucking service.

3. Sun City residents get their own autonomous vehicle service — and the price is right: Free

• • May Mobility has launched a self-driving taxi service in Sun City West, Arizona, as part of a pilot program.
  • The pilot program will operate for six months and offer free rides to residents in the Sun City West retirement community.
  • The autonomous taxis can carry up to four passengers and will operate on a fixed route within the community.
  • A safety operator will be present in the vehicle at all times to take over in case of an emergency.
  • The vehicles are equipped with sensors, cameras, and lidar to help them navigate safely.
  • May Mobility’s autonomous taxi service is designed to improve mobility for seniors and reduce the need for personal vehicles.

4. WeRide to raise investment in next-generation autonomous driving tech as Beijing seeks to cut manufacturers’ logistics costs

• • WeRide, a leading autonomous vehicle company in China, plans to raise funds for its next-generation autonomous driving technology.
  • The company aims to develop Level 4 autonomous driving technology, which would allow vehicles to operate without human intervention in certain conditions.
  • WeRide has already tested its Level 4 autonomous driving technology on public roads in China, and plans to expand its testing to other cities in the near future.
  • The Chinese government has been actively promoting the development of autonomous driving technology as part of its efforts to reduce traffic congestion and improve road safety.
  • At the same time, Beijing has been seeking to cut the number of traditional car manufacturers in the country to reduce pollution and carbon emissions.
  • WeRide’s investment in next-generation autonomous driving technology is a significant step forward in the development of autonomous vehicle technology in China.

5. Einride launches in the UK – driving the transition to sustainable transport

• • Swedish autonomous trucking company Einride has launched in the UK, aiming to help the country transition to sustainable transport.
  • The company will initially focus on the adoption of its electric and autonomous trucking technology, which it says can reduce CO2 emissions by up to 90%.
  • Einride’s autonomous trucks are designed to operate without drivers, using remote operators to control the vehicles from a distance.
  • The company has already deployed its technology in Sweden and the US, and has partnerships with major companies including Oatly and Coca-Cola.