Quanergy to Deliver Low Cost Sensors for Self-Driving Vehicles

Today, the costs associated with implementing a light detection and ranging sensor — or LIDAR — for a self-driving car are rather expensive, ranging anywhere between $8,000 to $80,000. Silicon Valley startup Quanergy Systems however, claims it will soon be able to offer those same sensors at a significantly lower cost. By next year, the company plans to release a LIDAR no bigger than a credit card with a price tag of about $250. Quanergy hopes to release a postage stamp-sized version by 2018 for $100 or less. Continue reading Quanergy to Deliver Low Cost Sensors for Self-Driving Vehicles