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Mobileye lands supply deal for 8M European cars

The contract is said to begin in 2021, potentially aligning with Mobileye's fully-autonomous EyeQ5 platform.

Intel-owned Mobileye has reportedly landed an enormous supply contract with a European automaker, hinting at the timing for wider rollout of advanced autonomous technology.

The Israeli-based supplier has agreed to supply driver assistance hardware for eight million vehicles starting in 2021, according to Reuters.

The report does not identify which European automaker signed the contract.

Mobileye expects its EyeQ5 platform to arrive with support for fully autonomous driving by 2021. The Reuters report does not explicitly say the European contract is for EyeQ5 equipment, however, leaving open the possibility that a major automaker, such as Volkswagen Group, is preparing to expand availability of automatic emergency braking or other comparatively simple semi-autonomous technologies.

Mobileye already has a significant footprint in the automotive industry, providing equipment for more than 27 million cars on the road today.

"By the end of 2019, we expect over 100,000 Level 3 cars with Mobileye installed," says Mobileye chief Amnon Shashua.