(Reuters) -Mobileye Global ( MBLY ) forecast fiscal 2025 revenue below Wall Street expectations on Thursday, anticipating weaker shipments for its assisted driving technology to China as its automotive customers face stiff competition from local players.

The company's shares fell about 9% to $14 in premarket trading.

Mobileye forecast 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 tech to China have been pressured by the rise of domestic firms who have been developing similar self-driving software at lower costs.

Mobileye reported fourth-quarter revenue of $490 million, beating estimates of $477.8 million.