Exclusive-China's Hesai to halve lidar prices next year, sees wide adoption in electric cars [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
its key product by half next year which should lead to far wider adoption of the technology in electric cars. "We are moving to a stage where millions of cars sold annually are equipped with lidar," Chief Executive David Li told Reuters in an interview. Halving the price would make the use of lidar appealing even for cheaper EVs priced below 150,000 yuan ($20,000), he added. For electric cars priced above that, the adoption rate for lidar technology would likely jump to 40%, Li also said. That compares with a current rate of about 24% for Chinese EVs and plug-in hybrids, according to auto parts trading platform Gasgoo.com. Lidar uses lasers to produce three-dimensional images of a vehicle's surroundings which helps vehicles navigate around obstacles. The sensors are a key component of many self-driving systems being developed by automakers. "We should see this as the popularization of lidar as a standard safety component for EVs," Li said, likening its use to that of airbags
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LI
Sec Filings
- 12/16/24 - Form 6-K
- 12/9/24 - Form 144
- 12/5/24 - Form 6-K
- LI's page on the SEC website