Automakers are finally embracing lidar sensors. A few startups look like market-share winners
Publishing timestamp: 2023-08-18 11:35:44
Summary
The article discusses how automakers are starting to incorporate lidar units into their vehicles, which presents a major growth opportunity for lidar startups such as Innoviz, Luminar, and Ouster. These companies have gone public through SPAC mergers and are expected to see significant growth as automakers adopt more advanced hands-free driving systems. The article highlights the partnerships and contracts these companies have secured with major automakers and their revenue projections. While some market share will go to existing auto suppliers, there is still significant opportunity for these lidar startups.
Sentiment: POSITIVE
Tickers: BMWYY, DMLRY, OUST, LAZR, MBLY, INVZ, PSNY,
Keywords: autos, business, breaking news: technology, business news, mobileye global inc, technology, ouster inc, luminar technologies inc, breaking news: business, hesai group, polestar, transportation, mercedes benz group ag, innoviz technologies ltd, united states,
Source: https://www.cnbc.com/2023/08/18/innoviz-luminar-ouster-likely-winners-lidar-shakeout.html