FRANKFURT:– BMW (BMWG.DE) is teaming up with Intel (INTC.O) and Mobileye (MBLY.N) not only to bring a fleet of fully autonomous vehicles from the automaker to market by 2021, but also to develop industry standards and a common platform that can be used by other companies in the automotive industry.
The three companies also will develop open standards and a common platform for autonomous vehicles that can be used by other automakers.
The announcement July 1 from BMW’s headquarters in Munich, Germany, confirmed reports in the past couple of days about an alliance between the three companies, and marked the latest partnership between the technology and auto-making industries.
According to the top executives with each business, the companies will work incrementally to develop technologies and capabilities for BMW cars that eventually will lead to vehicles that can drive in both highway and urban environments without having a human inside the car.
Almost all automakers have autonomous car projects under way—Rolls Royce last month unveiled a driverless concept car—and industry analysts expect the market to grow over the next couple of decades. IHS Automotive analysts are projecting that more than 20 million autonomous vehicles will be on the road by 2035.