The BRAKE Report
  • Home
  • News
    • Automotive
    • Commercial Vehicle
    • Motorcycle/ATV
    • Motorsports
    • Rail
    • Other
  • Interviews
    • Coffee Brake
    • Leadership Spotlight
  • Technical Articles
  • Test Drives
  • Brake Careers
  • Sponsors
  • Subscribe
Sunday, April 18
  • About
  • Contact
  • Sponsorship Guide
Facebook Twitter Instagram YouTube LinkedIn
The BRAKE Report
  • Home
  • News
    • Automotive
    • Commercial Vehicle
    • Motorcycle/ATV
    • Motorsports
    • Rail
    • Other
  • Interviews
    • Coffee Brake
    • Leadership Spotlight
  • Technical Articles
  • Test Drives
  • Brake Careers
  • Sponsors
  • Subscribe
The BRAKE Report
Home » Automotive » Hyundai Mobis in Deal with Velodyne Lidar
Automotive

Hyundai Mobis in Deal with Velodyne Lidar

The Brake ReportBy The Brake ReportOctober 24, 2019Updated:October 23, 2019No Comments2 Mins Read
Hyundai Mobis is investing in VC to accelerate mobility tech
  • LinkedIn
  • Twitter
  • Facebook
  • Print

Source: Hyundai Mobis

SEOUL, South Korea—Hyundai Mobis (KRX:012330) is joining hands with ‘Velodyne Lidar’, a world leading lidar company, for mass-producing level 3 autonomous driving lidar system.

The company will also invest $50 million in Velodyne, creating invaluable synergy between the two companies to reinforce business cooperation in Lidar commercialization.

The two companies will collaborate on a new lidar system by integrating Velodyne’s latest lidar sensors with Hyundai Mobis’ cognitive software. Velodyne has the largest share of the global lidar market and exceeds the latest high lidar requirements of global automakers.

In this lidar with high specifications, Hyundai Mobis will develop and integrate its own cognitive software. This software will process the outside vehicle environment data gathered by lidar sensors which means it would recognize and analyze moving or stationary objects, along with road systems such as traffic sign information.

Hyundai Mobis and Velodyne will commercialize their first lidar system for level 3 autonomous driving in 2021 by this partnership. 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.

“Hyundai Mobis is delighted to cooperate with Velodyne Lidar, one of the industry’s most reliable and mass-production ready Lidar sensor providers to finalize lidar system which is essential in high level autonomous driving,” said Ko Youngsuk, Head of the company’s Strategic Planning division. “Hyundai Mobis will continue to expand strategic collaboration with various innovators to accelerate open innovation for key technologies.”

The Brake Report
The Brake Report
  • Website
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.

Related Posts

Motorcar Parts of America's CEO Selwyn Joffe was recently named to the Federated Auto Parts hall of fame

Joffe, Motorcar Parts of America CEO, Honored by Federated Auto Parts

April 16, 2021
Software can be developed, tested and uploaded directly to vehicles more efficiently and safely.

AWS, Continental Create Platform for Auto Software

April 16, 2021
New radar sensors allow Continental’s new surround radars to detect objects such as crossing vehicles, motorcycles and cyclists early and precisely.

Radar Sensors for 360° Coverage, Longer Range From Continental

April 15, 2021
Industry Partners
Official Media Partner of
About

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest coverage of news & insights from around the industry.

Latest News
Motorcar Parts of America's CEO Selwyn Joffe was recently named to the Federated Auto Parts hall of fame

Joffe, Motorcar Parts of America CEO, Honored by Federated Auto Parts

April 16, 2021
Software can be developed, tested and uploaded directly to vehicles more efficiently and safely.

AWS, Continental Create Platform for Auto Software

April 16, 2021
Translate:

Type above and press Enter to search. Press Esc to cancel.