Mobileye rises on driver monitoring system deal with US automaker

Shares of self-driving tech company Mobileye Global MBLY.O rise 6.2% to $8.1 premarket

Mobileye said a leading U.S. automaker will integrate the Mobileye Driver Monitoring System (Mobileye DMS) into future vehicles equipped with Mobileye's EyeQ6L system-on-chip, with start of production targeted for 2027

Co says new win expands the scope and feature set of an existing advanced drive assistance program and is expected to span millions of vehicles across multiple models and model years

Up to last close, stock had fallen 27% this year