UPDATED. 2024-04-11 10:05 (목)
Mando makes equity investment into lidar sensor firm
Mando makes equity investment into lidar sensor firm
  • Yang Tae Hoon
  • 승인 2021.11.16 17:26
  • 댓글 0
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2 billion won into Carnavi.com
Image: Mando
Image: Mando

Mando has acquired an equity stake in lidar sensor firm Carnavi.com.

It spent 2 billion won for a 4% stake on September 2, according to the company’s filings to local financial authorities on Tuesday.

Carnavi.com previously was part of a national project to develop 3D fixed lidar technology, along with Mando.

A Mando spokesperson said the company acquired a stake in the lidar firm to expand into advanced driver assistance system (ADAS).

In June, Mando split off its ADAS business into a separate company called HL Klemove.

Hyundai Motor is planning to adopt lidar from France’s Valeo for its Level 3 autonomous vehicles launching next year, a person familiar with the matter said.

The South Korean automobile giant is planning to adopt locally made lidars after that to cut unit prices down, they said.

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