World News: 21:27 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
The tremendous cost of lidar - prices for individual sensors currently range from about $6,000 to more than $100,000 - is one of the big stumbling blocks to the wide rollout of self-driving vehicles, whether in commercial delivery and robo-taxi fleets such as those being developed by Ford Motor Co and General Motors Co, or in passenger vehicles aimed at consumers. Luminar has developed a low-cost lidar platform that bundles hardware and software and is being tested by several automakers, according to Austin Russell, Luminar chief executive officer and founder. The first is designed to sell for under $1,000 at higher production volumes, while the second, which is intended to plug into manufacturers' advanced driver assistance systems (ADAS), is expected to sell for under $500, Russell told Reuters.
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