LiDAR

Xpeng Motors will officially begin pre-sales of the P5 sedan on July 17, when it will announce the model's price, the company said Tuesday.

Zvision is currently valued at around RMB 1 billion ($155 million), Chedongxi.com said, citing sources familiar with the matter.

Innovusion's LiDAR, developed in collaboration with Nio, will be a "high-performance product" with a 120-degree ultra-wide viewing angle and ultra-high resolution that can detect up to 500 meters.

While LiDAR is all the rage in the new energy vehicle market, it doesn't mean millimeter-wave radar is being left behind.

Baidu Apollo and Hesai Photonics Technology signed a strategic cooperation deal, under which the latter will customize LiDAR for Apollo's fifth-generation sharing Robotaxi.

Competition in the LiDAR space is fierce, with both traditional car companies and tech companies entering the market in various ways.

Nio CEO William Li has said that the company has no plan B on the LiDAR option, implying that Nio is fully supporting the development of Innovusion.

Xpeng Motors' new LiDAR-equipped sedan, previously said to be possibly named Xpeng P5, has now been confirmed by the company, which says it will be released on April 14.

Baidu's autonomous driving platform Apollo has partnered with Chinese LiDAR company Hesai Photonics Technology to develop a LiDAR for use in Baidu's fifth-generation self-driving Robotaxi.

The car is equipped with a LiDAR on the roof mount and one on each side of the front end.