Quanergy Systems Promises LiDAR for Under $1,000 Early 2016

Californian startup Quanergy Systems has announced yesterday they will introduce in early 2016 the world’s first solid state LiDAR (Light Detection and Ranging) sensor for self-driving cars for less than $1,000 per car.

Quanergy’s solid state LiDAR sensor, used for autonomous vehicles, contains an integrated circuit that scans in ever…