FAW Group and Mobileye Forge Strategic Alliance in Autonomous Driving

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Go back to FAW Group and Mobileye Forge Strategic Alliance in Autonomous Driving

Analysts positive on Mobileye's (MBLY) partnership with FAW

September 15, 2023 10:19 AM EDT

Wells Fargo remains bullish on autonomous driving tech company, Mobileye Global (NASDAQ: MBLY) with an Overweight rating and a 12-month price target of $50.00 on the stock after the company announced a strategic partnership with FAW Group.

Mobileye and FAW signed an agreement to use SuperVision in FAW's Hongqi brand. The two companies also reached an agreement to integrate Chauffeur, Mobileye's advanced... More