Hyundai invests in Velodyne Lidar
Hyundai Mobis collaborates with Velodyne Lidar for mass-producing a level 3 autonomous driving lidar system. Hyundai Mobis also will invest US$50m in Velodyne to reinforce business cooperation in Lidar commercialization. The two companies will collaborate on a new lidar system supply by integrating Velodyne’s latest lidar sensors with Hyundai Mobis’ cognitive software.