Quanergy announces $250 worth Solid-State LiDAR sensors for cars

Quanergy announces $250 worth Solid-State LiDAR sensors for cars

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US: Amid various other announcements made at CES, Quanergy, a California-based maker of 3D sensors for real-time mapping and navigation, has put a price on its forthcoming solid-state LiDAR that can help in minimizing the cost of driverless cars.

Quanergy said its solid-state Lidar will cost $250 or less when produced in volume (of around 100,000 units). The announcement came as a big surprise for the automobile industry for the reason being Lidar sensors formerly would cost as much as $75,000 a pop. Although the company isn’t yet at the preproduction stage for the device, it is confirmed that Quanergy is planning to have a preproduction version of the sensor ready by September 2016.

Sources: TechCrunch.com