CHINA'S HESAI WILL HALVE LIDAR PRICES NEXT YEAR, SEES WIDE ADOPTION IN ELECTRIC CARS

China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars.

Halving the price would make the use of lidar appealing even for cheaper EVs priced below 150,000 yuan ($20,000). 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.

Learn More