Magna Makes Strategic Investment in Solid-state LiDAR Developer Innoviz

Magna makes strategic investment in Innoviz (CNW Group/Magna International Inc.)

Magna makes strategic investment in Innoviz (CNW Group/Magna International Inc.)

AURORA, ON, Aug. 29, 2017 /CNW/ – Magna has recently made a strategic investment to expand its existing collaboration with Innoviz Technologies Ltd., a pioneer in solid-state LiDAR technology. Magna started collaborating with Innoviz in December 2016.

Magna has been steadily expanding its overall suite of sensor technologies and features that enable Level 3/4/5 autonomous driving capabilities.

“As a market leader in advanced driver-assistance systems, Magna continues to accelerate our development and investments in industry-leading technologies to enable future mobility systems,” said Swamy Kotagiri, Magna’s Chief Technology Officer. “Solid-state LiDAR is a crucial piece of the puzzle as we integrate multiple technologies that position us as the go-to supplier to meet and exceed our customers’ autonomous needs.”

Innoviz’s solid-state LiDAR can provide high-definition, 3D, real-time images of the vehicle’s surroundings regardless of changing light and weather conditions. It can be easily integrated into any vehicle at significantly reduced cost compared to commercially available LiDAR technologies with comparable performance.

To read more from Magna’s press release, please click here.

2017-09-25T13:12:44+00:00September 25th, 2017|Hardware, Technology, Trade|0 Comments