Published

Hyundai Mobis Teams with Velodyne on Lidar Tech

Hyundai Mobis Co. has agreed to work with Velodyne Lidar Inc. to supply lidar systems for Level 3 autonomous vehicles, starting in 2021.

Share

Hyundai Mobis Co. has agreed to work with Velodyne Lidar Inc. to supply lidar systems for Level 3 autonomous vehicles starting in 2021.

The first applications for the system, which will team Velodyne sensors with Hyundai Mobis processing software, will be for vehicles sold in Asia. Availability in North America and Europe will follow later.

As part of the partnership, the South Korean supplier is investing $50 million in Velodyne.

San Jose, Calif.-based Velodyne has supplied most of the lidar used in initial prototype self-driving cars. The company boasts that it has more than 250 customers worldwide.

Last year Velodyne opened a factory in California, where it aims to eventually produce one million lidar units annually. The company also has manufacturing partnerships with Nikon and Veoneer, which was spun off from Autoliv in 2018. Velodyne also is said to be considering a public stock offering.

RELATED CONTENT

  • Multiple Choices for Light, High-Performance Chassis

    How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.

  • Engineering the 2019 Jeep Cherokee

    The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.

  • Jeeps Modified for Moab

    On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.

Gardner Business Media - Strategic Business Solutions