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Hyundai Mobis to invest $50m in US auto sensor firm

2019-10-23

Hyundai Mobis said Oct. 23 it will invest US$50 million in a US light detection and ranging (LiDAR) company for autonomous driving technologies. 

The South Korean firm has partnered with Velodyne Lidar, a world-leading LiDAR sensors provider, in order to mass-produce Level 3 autonomous driving systems by 2021.
 

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