Groupe PSA and VINCI Autoroutes test new autonomous vehicle features
18 more Solaris trolleybuses going to Italian cities; 45 kWh battery packs

Valeo has won €500M worth of lidar orders with 4 major OEMs

Valeo has won €500 million ($564 million) worth of orders for its lidar car sensor products with four major global auto groups. Valeo is the world’s leading manufacturer of driving assistance sensors.

Valeo executive Marc Vrecko told Reuters that those orders will probably eventually represent between 1 to 1.5 billion worth of recurring business.

With more than $1 billion in corporate and private investment going into some 50 lidar startups over the past three years, including a record $420 million in 2018, Valeo is investing heavily to benefit from ever-tightening emissions regulations and increasing vehicle automation.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)