2 Automotive Lidar Stocks to Put on Your Radar
While more and more automakers are adopting lidar technology for safer driving, a clear leader in the space has yet to emerge.
Lidar, which stands for "light detection and ranging," uses lasers to allow cars to "see" other vehicles and potential obstacles in their path. Every lidar company boasts a unique architecture. Even for devotees, figuring out which company is in pole position requires finding the ideal combination of best-in-class technology and a price point low enough to spark commercial production. Here are two possibilities.
Luminar Technologies (NASDAQ: LAZR) has always been the lidar darling -- largely for being one of the first to go public, and early to win high-profile production contracts with Volvo for hands-free, eyes-off highway driving, and from Polestar. The rest of the lidar pack is still largely in development-stage relationships with very little revenue to show for themselves.
Source Fool.com
