09:54 AM EDT, 03/20/2024 (MT Newswires) -- Mobileye Global ( MBLY ) and Volkswagen ADMT have entered into a cooperation agreement to develop a self-driving system for Volkswagen's ID.Buzz electric vehicle, Volkswagen said Wednesday.

Mobileye will develop and supply software, hardware and digital maps for the ID.Buzz, according to Volkswagen.

Financial terms were not disclosed.

Mobileye shares were more than 3% higher in morning trading Wednesday.

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