EYES ON MOBILEYE

MOBILEYE | A3DW3V Dic Development leaps in the automotive industry are immense. Mobileye has the opportunity to establish itself as a technology leader in driver assistance systems.

Johann Jungwirth has already worked for Apple, Mercedes and Volkswagen. However, the pioneer in the field of self-driving cars was never able to realize his ideas within the corset of large corporations.

At Mobileye, he can let off steam. His latest statements are correspondingly brash and optimistic. I don't see anything that can stop us, neither regulatory, nor technical, nor in terms of customer acceptance," said the Mobileye manager at the Consumer Electronics Show in Las Vegas in January.

The technology will certainly not reach the mainstream overnight. "However, from the mid-2030s, it can be assumed that in cities with a population of 300,000 or more, there will no longer be any reason to drive a private car into the city," said McKinsey expert Kersten Heineke. The experts agree that robotaxis will be cheaper and more efficient. Meaning In large cities, robotaxis or shuttles will take passengers from A to B. Outside of cities or on the highways, people will speed around completely autonomously or be assisted by driver assistance systems while cruising.

Hocus-pocus or pipe dreams? Not at all.

More and more driver assistance systems are being installed in cars. Drivers enjoy the "service" of distance warning systems, parking aids, lane change assistants and so on and so forth. One of the big winners in this development is Mobileye. Headquartered in Tel Aviv, the company is one of the most innovative players as a supplier in the field of autonomous driving, driver assistance systems and robotaxis. Players such as BMW, VW and Ford rely on the Israeli company's technology. On the hardware side, Mobileye installs the. Chíp EyeQ.

Together with a combination of up to eleven cameras and a radar system consisting of three long-range and six short-range lidar sensors, Mobileye offers the "SuperVision", "Chauffeur" and "Driver" products.

Somehow, no one here in Germany can or wants to imagine that robotaxi shuttles will become standard in major cities. This has long been the case in the USA. Elderly people are chauffeured to the doctor or to the shops by driverless shuttles. It works wonderfully.

In Germany or Europe, it may take a few more years. Nevertheless, Mobileye is also making its first deals in this segment to earn money by working with providers of robotaxi fleets. Benteler's Mover, for example, was built using the company's technology. And also. Schaeffler wants to launch autonomous cab shuttles on the market together with Mobileye.

Mobileye will still have to shoulder high investments over the next few years. Nevertheless, the share has performed well in the wake of rising interest rates. With a market capitalization of 31 billion dollars, the tech company has a price-to-sales ratio of 16 for 2023. Sporty. Turnover is expected to climb from 1.9 billion dollars in 2022 to 2.9 billion dollars in 2024. Big plus for Mobileye. The order backlog currently stands at 17.6 billion dollars.

High risk
The development progress in the automotive sector is immense. With its technology, Mobileye has the opportunity to establish itself as the market leader in the field of driver assistance systems. The only drawback is the high valuation. Speculative investors dare to invest.

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Yours Forevermore,