One major component of Level 4 and Level 5 driverless cars is in very short supply. Venture capitalists and engineers from around the world are racing to fill the LiDAR production, price, and performance void.

Production of LiDAR sensors is seeing months-long production bottlenecks as suppliers, such as Quanergy and Velodyne in the US, are challenged to deliver the technology on time — especially, at a lower cost. Automakers and suppliers are increasingly relying on LiDAR (light detection and ranging) sensors, which emit laser lights that detect objects surrounding the vehicle. LiDARs detect… more

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