except for tesla most automakers have said their selfdriving cars will rely on lidar sensors which use laser light pulses to measure distances and render precise images of the environment around the cartel aviv israeli lidar maker innoviz technologies said price reductions for the laserbased sensors will be key to enabling automakers to reach the next level of autonomous driving on a large scale to that end innoviz has developed a lidar that costs 70 less than the innovizone product it is supplying for bmw and magna internationals selfdriving car program which is expected to launch by the end of 2021 advt samples of innoviztwo will be available in the third quarter of 2021 ceo omer keilaf said the products software will enable carmakers to collect roadway data from customers and can be upgraded for the next level of autonomous driving except for tesla most automakers have said their selfdriving cars will rely on lidar sensors which use laser light pulses to measure distances and render precise images of the environment around the car while keilaf would not disclose the cost for innoviztwo he said the price barrier for automakers to use lidar at the present level of autonomous driving is 500 and his companys product could meet that barrier i believe most customers probably will start with innovizone to launch earlier and then will move to innoviztwo to get scale at a lower cost he told reuters innoviz which has raised 252 million competes with companies such as velodyne and luminar reuters published on oct 15 2020 at 0443 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app innoviz technologies laserbased sensors auto lidar system autonomous cars selfdriving cars homenewsauto technologyinnoviz sees lower lidar costs accelerating autonomous car development