Mexican Media Brands
Valeo Touts Lidar Contract Wins
Valeo SA says it has received contracts from four unnamed carmakers totaling a combined €500 million ($564 million) for autonomous vehicle lidar sensors.
Share
Valeo SA says it has received contracts from four unnamed carmakers totaling a combined €500 million ($564 million) for autonomous vehicle lidar sensors.
The deals could eventually be worth two to three times that amount over the life of the contracts, CEO Marc Vrecko tells Reuters. No information was provided about when the vehicles equipped with the technology would be launched, their level of autonomy or the duration of the contracts.
Currently, the Audi A8 luxury sedan is the only production car that offers lidar. Valeo supplies that system in partnership with Quebec City-based LeddarTech.
RELATED CONTENT
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
