Magna International Inc has announced that it recently made an investment to expand its existing collaboration with Innoviz Technologies Ltd, which is a developer of solid-state LiDAR technology. Magna has been steadily expanding its overall suite of sensor technologies and features that enable Level 3/4/5 autonomous driving capabilities, and incorporation of Innoviz’s LiDAR technology would enhance this, the company noted. Magna first started collaborating with Innoviz in December, 2016. Magna will demonstrate its technologies that enable autonomous driving, including Innoviz's solid-state LiDAR technology, at the upcoming 2017 International Motor Show (IAA) in Frankfurt.
The solid-state LiDAR technology from Innoviz can provide high-definition, 3D, real-time images of the vehicle's surroundings regardless of changing light and weather conditions, noted Magna. The company added that the solid-state LiDAR technology can be easily integrated into any vehicle at significantly reduced cost compared to commercially-available LiDAR technologies with comparable performance.
Swamy Kotagiri, CTO, Magna, said as a market leader in advanced driver-assistance systems, Magna continues to accelerate its development and investments in industry-leading technologies to enable future mobility systems. He added that solid-state LiDAR is a crucial piece of the puzzle as Magna integrates multiple technologies that position it as the go-to supplier to meet and exceed autonomous needs of customers.
With its renowned expertise, advanced product offering and strong market position, Magna has proven itself as a pioneer in the field of autonomous driving, noted Omer Keilaf, Co-Founder and CEO, Innoviz. He said Innoviz is honoured to work with the Magna team to help bring smarter and safer LiDAR technology to market. “This strategic investment affirms that our ground-breaking LiDAR technology lives up to the high standards Magna has set for safety and performance, and if it can adhere to Magna’s standards it can become the industry standard as well,” added Keilaf.