2024 Lidar Industry Updates

Jan. 14, 2024 4:42 AM ET, , , , , , , 31 Comments
Robert Dydo
1.69K Followers

Summary

  • Tier 1 companies like Continental, Bosch, and ZF Friedrichshafen are discontinuing their lidar development programs, impacting companies like Innoviz.
  • Cepton lost a contract with GM, questioning $33M in revenue expected in 2024.
  • Luminar remains positive about its relationship with Daimler Truck and has a significant agreement with Volvo and Polestar.

Machine vision system of an autonomous truck.

Scharfsinn86

Western LIDAR Cancelations

December 2023 marked a challenging period for the lidar industry, with Tier 1 companies implementing cost-cutting measures and discontinuing their automotive programs, which included lidar development. Notably, Continental (OTCPK:CTTAF), Bosch (BSWQY), and

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1.69K Followers
In the past, I evaluated solar manufacturers and renewable yieldcos based on their operational, financial, and growth factors. Currently, I am interested in lidar companies' technology, adoption, and revenue growth..

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