Velodyne Lidar, Inc. has signed an agreement with Hyundai Mobis to launch a LiDAR-based advanced driver assistance system (ADAS) that integrates Velodyne Lidar technology and Hyundai Mobis cognitive software.
In the Velodyne and Hyundai Mobis partnership, the companies will commercialize their first LiDAR system for ADAS in 2021 for awarded mass production programs. They will initially provide the system to Asian markets with expansion plans later to automakers in North America and Europe. The LiDAR system will complement camera and radar technologies developed by Hyundai Mobis, enabling the company to offer a robust sensing technologies portfolio for driver assistance and advanced vehicle safety. The partnership is key in the companies’ vision for a future of low-cost LiDAR-based safety systems as part of their global ADAS and autonomous vehicle (AV) partner strategy.
"Hyundai Mobis is delighted to cooperate with Velodyne Lidar, one of the industry's most innovative LiDAR sensor providers, to launch a LiDAR system that is essential in high level autonomous driving," said Ko Youngsuk, Head of the Hyundai Mobis Strategy Planning division, in a statement. "The Velarray, utilizing Velodyne’s industry-leading sensing technology, meets the demanding requirements for ADAS applications in an embeddable compact form factor that is ready for consumer vehicles."
The Velodyne Velarray equips vehicles with scalable ADAS functionality—Society of Automotive Engineers (SAE) levels 2 through level 4—in discrete, cost-effective packaging. It uses an array of lasers to precisely measure distances in its surrounding environment at the speed of light for roadway safety. This includes pedestrian and bicycle detection and avoidance, lane keeping, automatic emergency braking, adaptive cruise control and blind spot detection, as well as advanced autonomous navigation functionality. The company believes that these systems can advance safer mobility on a global scale.
Velodyne’s proprietary sensing solutions combine state-of-the-art range, accuracy, resolution, software intelligence and low power consumption with high-grade reliability. Since first launching products commercially in 2010, Velodyne has shipped over 30,000 units and generated cumulative sales of over $500 million.