announced that it has reached strategic cooperation with Intel's autonomous driving technology company Mobileye. In the future, the two parties will build an L4 level autonomous driving model based on Nio's second-generation vehicle platform.

For this cooperation, Li Bin, founder, chairman and CEO of Nio stated:

We are proud of our tireless pursuit of innovation and cutting-edge technology, which not only enhances the competitiveness of our products, but also creates a pleasant lifestyle for Nio users.

We are looking forward to the strategic partnership established with Mobileye. The two parties will work together to improve the safety and driving performance of vehicles and strive to realize Nio's vision of building the world's first 'user company'.

Nio said that the two parties will focus on the passenger car market and intelligent mobility services and will build L4 level autonomous driving intelligent electric vehicles on Nio's second-generation platform.

Mobileye is responsible for the Mobileye EyeQ system chip and related software, and Nio is responsible for the development, integration and mass production of vehicle-level automatic driving systems.

In addition, on the basis of mass-produced auto-driving models in the future, Mobileye will create a special version dedicated to smart mobility services, and Mobileye will purchase this model version in batches.