The decline was due to reduced chip orders, uncertain market demand and excess inventory. Mobileye's revenue mainly comes from basic ADAS solutions.
The company maintains partnerships with automakers like Geely, but faces pressure from competitors such as NVIDIA. Mobileye's product strategy covers autonomous driving systems from L2 to L4+, and despite technological and strategic gaps, the company is maintaining competitiveness through technological innovation and market strategies, such as advancing mass production of the EyeQ6L chip and the planned launch of the EyeQ6 High chip in early 2025.
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