How important is LiDAR for autonomous driving?

　　According to foreign media reports, Quanergy Systems may become the first autonomous driving technology startup  to apply for an initial public offering (IPO) . Let's follow the automotive electronics editor to learn more about the relevant content.

　　According to relevant personnel, Quanergy has asked banks to submit its market overview (pitch) and started applying for work, and it is expected to complete its initial public offering in 2018. Quanergy is located in Sunnyvale, California, and company representatives did not comment on this matter in time.

　　Quanergy mainly develops lidar and laser sensor technology used in self-driving cars. Self-driving cars generally require at least two lidar sensors, which use laser beams to generate real-time 3D images of the road and the surrounding area of ​​the car body. Quanergy's related products are priced at about $4,000, which is not high compared to its peers, but it plans to reduce the price to $100 in the next two to three years.

　　With the development of self-driving car technology, the automotive industry is getting hotter. Technology leaders Alphabet and Apple are competing to invest in self-driving systems. Car companies including Tesla and Volkswagen have also launched models with partial self-driving functions. Audi, a subsidiary of Volkswagen Group, released its first mass-produced model equipped with a lidar system in July.

　　Quanergy has received investments from Daimler, Delphi, Samsung Electronics, and billionaire Alisher Usmanov, who invested in Facebook and Alibaba before their IPOs.

　　Quanergy was valued at $1.5 billion following a separate funding round in 2016, CEO Louay Eldada said in an interview in February.

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