Quanergy's CEO: We Still Will Rule Lidar!
The pioneer of solid-state lidar wants to reclaim its glory
In 2015 Quanergy wowed crowds at CES with claims that it had a lidar that steered its laser beam without moving parts. Such a solid-state lidar would be smaller, tougher, and cheaper than the handmade rotating roof towers of Velodyne, then as now the leading lidar company.
A year later, when Quanergy cited a price of US $250, the top-of-the-line Velodyne lidar was selling for around $75,000. Investors valued Quanergy at $1 billion, and Mercedes announced a partnership.
But manufacturing problems set in. The company began walking back its claims for range and