Magna invests in solid-state LiDAR developer Innoviz
Expands existing collaboration with solid-state LiDAR technology innovator to advance autonomous vehicle technologies.
AURORA, Ont. — Magna has made an investment to expand its existing collaboration with Innoviz Technologies Ltd., a pioneer in solid-state LiDAR technology.
The auto parts manufacturer based in Aurora, Ont. started collaborating with Innoviz in December 2016.
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 integrated into any vehicle at a lower cost compared to commercially available LiDAR technologies with comparable performance.
Magna has been steadily expanding its suite of sensor technologies and features that enable Level 3/4/5 autonomous driving capabilities.
Magna is expected to demonstrate its autonomous driving enabling technologies, including Innoviz’s solid-state LiDAR technology, at the 2017 International Motor Show (IAA) in Frankfurt, Germany.