Mobileye Global Inc. is trading at $9.92 (up 4.1%) in pre-market, driven by the announcement of its expansion into a vertically integrated robotaxi business.
- Mobileye today announced plans to extend its robotaxi activities beyond supplying self-driving technology and into full ownership of an autonomous ride-hailing business, set to launch in a U.S. city in 2027.
- This new initiative combines Mobileye's autonomous driving capabilities with fleet operations, rider services, and mobility management.
- The move builds on strong investor interest in the AI and automotive technology sectors, where Mobileye is recognized for its AI-powered ADAS solutions.