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
-
The Koenigsegg Jesko Has An Amazing Engine
It is hard to believe that this is a vehicle in “serial” production with such extraordinary powertrain performance
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
