By sharing data and technology, the two companies hope to produce autonomous cars. Although this is a lofty goal, Volkswagen has deep pockets. The world’s biggest automaker has 15 billion euros ($18.2 billion) dedicated for investments in ride-hailing, autonomous driving, digitalization, electric mobility, and other services in China by 2022.
Source: fortune.com
David Hall invented modern three-dimensional lidar more than a decade ago for use in the DARPA Grand Challenge competitions. His company, Velodyne, has dominated the market for self-driving car lidar ever since. Last year, Velodyne opened a factory that it said had the capacity to produce a million lidar units in 2018—far more than any other maker of high-end lidars.
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If there’s one thing China’s tech giants are known for, it’s their ability to venture into everything from social media, to online payments, to delivery services. The latest thing they’re all speeding towards? Autonomous driving.
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