Mobileye, a subsidiary of Intel (INTC -3.03%), will provide Ford Motor Company (F -1.51%) with the technology to power the automaker's next generation of driving and safety features. It will go into Ford vehicles across the globe, and will extend the existing collaboration between the two.

Under terms of the deal, Ford's next-generation cars and trucks will feature Mobileye's EyeQ technology, a camera-based system that aids drivers with pedestrian and vehicle detection as well as lane-keeping features. It will also include Active Drive Assist, the hands-free driving technology coming to Ford's all-new F-150 and the Mustang Mach-E.

"By customizing Mobileye's excellent software and sensing technology, Ford's great driver-assist features will continue to evolve and provide customers with confidence on the road throughout the life of their vehicles," said Lisa Drake, Ford's chief operating officer and vice president of global purchasing.

Driver working with controls of self-driving car.

Image source: Getty Images.

On top of Mobileye's sensing capabilities, the Intel subsidiary will design Ford's Co-Pilot360 driver-assist technology (including a Mobileye logo).

Mobileye, which Intel purchased in 2017, has attained a leadership position in automobile technology. It currently works with 13 of the world's largest automakers.

Although this is not the first partnership between the two companies, it is the first time that Ford will provide Mobileye technology in an entire generation of vehicles.

"It is a privilege to extend and expand our long-standing collaboration with a company that is so committed to safety on behalf of its global customer base," Mobileye CEO Amnon Shashua said.