According to foreign media reports, QuanergySystems will be the first autopilot startup to apply for an initial public offering (IPO). Let's take a look at the related content with the car electronics editor.
According to relevant personnel, Quanergy has asked the bank to hand over its market profile and start applying for it. It is expected to complete its initial offering in 2018. Quanergy is located in Sunnyvale, Calif., and the company representative did not comment on the matter in a timely manner.
Quanergy develops laser radar and laser sensor technology for use in autonomous vehicles. Autonomous vehicles typically require at least two lidar sensors, which use a laser beam to produce real-time 3D images of the road and the body. Quanergy-related products are priced at about $4,000, although they are not high relative to their peers, but it plans to reduce the price to $100 in the next two to three years.
With the development of autonomous driving technology, the automotive industry is heating up. Technology leaders Alphabet and Apple are both investing in automated driving systems. Car companies, including Tesla and Volkswagen, have also introduced models with partial autopilot functions. Audi, a Volkswagen Group, released its first production model with a lidar system in July.
Quanergy has now received investments including Daimler, Delphi, Samsung Electronics, and billionaire Alisher Usmanov. Prior to Facebook and Alibaba's IPO, Alisher Usmanov invested in it.
With personal financing in 2016, Quanergy's market capitalization reached $1.5 billion, and CEO Louay Eldada said in an interview in February.
The above is about automotive electronics - how important is laser radar for autonomous driving? For related introductions, if you want to know more information, please pay more attention, electronic engineering will provide you with more complete, more detailed and updated information.
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