Mobileye: China's new driver-assistance rules will boost sales "exponentially"

Mobileye, the company that already supplies collision-avoidance technology for Tesla, Nissan and GM, expects its sales in China to grow "exponentially," thanks to new government regulations, Reuters reports. As early as Tuesday, the Chinese government could announce new rules requiring basic autonomous driving functions in large commercial vehicles, sales director David Oberman reportedly said in Beijing. "Very soon, China will follow the example of the European Union, Israel, Singapore and other countries and will make laws to make it mandatory to install such systems in buses and trucks," he said. Mobileye's real-time, vision-based collision avoidance camera systems have gained it a sure foothold in the U.S. and European automotive markets. Its partnerships with major car makers makes it a major competitor against Google's autonomous vehicle project.