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News, Analysis & Perspective on Autonomous Vehicles

Mobileye shares sink as China EV demand ebbs

Mobileye shares sink as China EV demand ebbs

April 27 (Reuters) – Shares of Mobileye Global Inc (MBLY.O) fell by more than 30% on Thursday after the maker of autonomous driving technology lowered its forecast for annual revenue owing to a slowdown in demand for electric vehicles from China.

https://www.reuters.com/technology/mobileye-lowers-annual-revenue-forecast-2023-04-27/

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