Hyundai Mobis Invests US$50M Velodyne Lidar to Build LiDAR Product for Asia Market

Hyundai Mobis announced its partnership with Velodyne Lidar for mass-producing level 3 autonomous driving LiDAR system. Hyundai Mobis will also invest US$50 million in Velodyne to reinforce business cooperation in LiDAR commercialization.

(Image: Hyundai Mobis)

The two companies will collaborate on new LiDAR system supply by integrating Velodyne’s latest LiDAR sensors with Hyundai Mobis’ cognitive software. Hyundai Mobis’ cognitive software will process the outside vehicle environment data gathered by LiDAR sensors which means that it would recognize and analyze moving or stationary objects, along with road systems such as traffic sign information.

Hyundai Mobis said it plans to commercialize the first LiDAR system for level 3 autonomous cooperated with Velodyne in 2021. The two companies will mark the start by supplying the system to the Asian market and will gradually expand to automakers in North America and Europe.

With this LiDAR system, Hyundai Mobis will finalize its sensor technology line up for autonomous driving of level 3 and above, where the main driving force is shifted from human driver to an independent car system. It has successfully developed a short-range radar last year and will secure deep learning-based camera and high-performance radar technology by next year.

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