Hyundai Mobis is partnering with Velodyne Lidar, including a $50 million investment, to mass produce sensors for autonomous driving systems.
The companies plan to collaborate on a new Lidar (light detection and ranging) system by integrating Velodyne’s latest lidar sensors with Hyundai Mobis’ cognitive software.
The software will process the outside vehicle environment data gathered by the lidar sensors to identify moving and stationary objects, according to the global automotive supplier Hyundai Mobis.
The companies plan to launch a new lidar-based advanced driver assistance system (ADAS) with plans to commercialize its first lidar system for ADAS in 2021.
“We believe that powerful ADAS systems can be the stepping-stone to building public trust and a pathway to full autonomy,” stated David Hall, Velodyne founder and CEO.