Category: Lidar
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Innoviz jumps on Mobileye LiDAR sensor deal
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Israeli laser sensor developer (LiDAR). INOVIZ TECHNOLOGIES LIMITED (Nasdaq: INVZ) saw its stock price rise 28.1% on Wall Street on Thursday and Friday and 36% over the entire week. The sharp rise came after the Rosh Ha’ayin-based company, led by CEO and co-founder Omar Kilaf, announced that Israeli Advanced Driving…
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Mobileye to shut down lidar R&D hitting 100 jobs
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Israeli company Mobily International Company MBLY (Nasdaq: MBLY) announced that it has halted internal development of a new generation of frequency-modulated continuous wave (FMCW) sensors for use in highly autonomous and automated driving systems. The company said the move is part of its regular review of its long-term technology strategy.…
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Hesai Group maintains lead in LiDAR market, eyes profitability By Investing.com
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During its second quarter 2024 earnings conference call, Hesai Group, a leading automotive LiDAR technology company, showcased its robust market position and strategic advancements. The company, which trades under the ticker symbol HSAI, reported significant design wins and partnerships, projecting an optimistic outlook for future profitability and market expansion. Hesai’s…
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Lidar maker Hesai sues US government, denies alleged link to China’s military By Reuters
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SAN FRANCISCO (Reuters) – China-based Hisai Group filed a lawsuit against the U.S. government on Monday to add the maker of lidar light sensors to a list of companies allegedly working with the Chinese military. Hesai, whose sensors help self-driving cars and driver assistance systems obtain a 3D map of…