LiDAR News: Ford Divests from Velodyne

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Forbes, Reuters, SeekingAlpha: Ford has completely divested from Velodyne according to a Securities and Exchange Commission filing from Velodyne. In August, 2016, Ford and Baidu each invested $150M in Velodyne to secure the LiDAR supply for their autonomous vehicles research. 

"As of September, 2020 after Velodyne went public, Ford held a 7.6% stake in the company but that has been completely divested and the days of Velodyne sensors on the automakers vehicles are likely numbered.

It is now expected that the Ford AVs coming next year and the Volkswagen AVs in 2023 will utilize the Princeton Lightwave technology (acquired by Argo AI) for at least the rooftop long-range lidar."

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