Jan 30 (Reuters) - Mobileye forecast full-year

revenue below Wall Street expectations on Thursday, anticipating

fewer shipments of its assisted driving technology to China amid

stiff competition from local players.

The company expects fiscal 2025 revenue between $1.69

billion and $1.81 billion, compared with the average analyst

estimate of $1.94 billion, according to data compiled by LSEG.

Shipments for the company's technology to China have been

pressured by competition from domestic firms developing similar

self-driving software at lower costs.

In December, Mobileye said its major automotive customers

were losing market share in the country as domestic

manufacturers are now offering less-expensive battery vehicles

in the region.

Shipment volumes of Mobileye's chips in China are improving

compared with 2024 but still remain sluggish, company executives

said on a post-earnings call on Thursday.

Earlier this month, the Chinese government reintroduced some

EV subsidies to encourage citizens to adopt environment-friendly

vehicles.

Mobileye reported fourth-quarter revenue of $490 million,

beating estimates of $477.8 million.

Although the company beat market expectations for revenue,

the numbers fell 23% from a year earlier due to less demand for

its EyeQ chips as major customers work through excess supply.

Mobileye said on Friday that testing of its assisted driving

tech with potential customers "will bear fruit in 2025".

The company doesn't see a trend where legacy automakers

develop their own in-house driver assistance systems owing to

many firms rethinking their electrification strategy as EV

demand slows, Mobileye added.

On an adjusted basis, the company earned 13 cents per share

in the fourth quarter, compared with estimates of 11 cents. It

also reported a 30% fall in gross profit in the quarter.