By Tina Bellon
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "( Reuters) – Chinese electric car startup Nio Inc
Under the agreement, Nio intends to manufacture and produce at mass scale a self-driving system designed by Mobileye, which will be integrated into Nio's electric-vehicle consumer lines, as well as Mobileye's driverless ride-hailing services
The self-driving kit provided by Israel-based Mobileye includes the vision processing chip, camera, radar and lidar sensors, as well as safety and mapping software.
Nio wants to develop a version of self-driving electric vehicles that Mobileye wants to deploy as robotaxis for ride-hailing services in global markets.
The companies plan to release them in China beginning in 2022, Mo Bileye President and Chief Executive Officer Amnon Shashua told Reuters in an interview on Monday.
"The deal with Nio wants to enable autonomous driving in compliance with Chinese regulations," Shashua said.  The Mobileye CEO added that a rollout in China is more efficient as the regulatory environment is centralized and the Chinese government is working on standardizing Mobileye's safety model for self-driving cars into law.
Manufacturers and suppliers are increasingly skeptical about the speed
In the meantime, they have begun focusing on deploying more advanced driver assistance systems (ADAS), which share components, but cost much less and can generate much-needed revenue to help defray the cost of developing full self-driving systems.
Mobileye on Tuesday said it powers A DAS in car models of more than 27 automakers.
<p class = "canvas-atom canvas-text Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Loss-making and cash-burning Nio is the most prominent among dozens of Chinese electric-vehicle startups. All are hampered by dwindling demand in the world's largest car market, reduced government subsidies for EVs and nagging concerns over the China-U.S. trade was. "data-reactid =" 34 "> Loss-making and cash-burning Nio is the most prominent among dozens of Chinese electric-vehicle start-ups becoming Tesla Inc
Nio on Tuesday said the partnership with Mobile is aligned with its mission to provide premium, smart electric cars and allowed to maintain
[Reporting by Tina Bellon] Editing by Stephen Coates