Velodyne targets sub-$500 price for lidar unit

Lidar generates a three-dimensional map of the road ahead.

By:

STEPHEN NELLIS

By:

Reuters

November 13, 2020 04:41 PM

Velodyne Lidar Inc. said Friday it would introduce a new lidar unit, a key sensor in self-driving cars, with a target price of less than $500 and no moving parts.

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