Velodyne to Deliver Lidar Sensors to Baidu's Apollo

Baidu has struck a three-year sales agreement with Velodyne Lidar for its robotaxis in China.
Benjamin WangOct 13,2020,21:43

Baidu Inc. (Nasdaq: BIDU) will use lidar sensors from Silicon Valley-based Velodyne Lidar, Inc. (Nasdaq: VLDR) in its Apollo Go.

Baidu said it has struck a three-year sales deal with Velodyne, citing the low cost and high-quality manufacturing of its products.

Apollo Go robotaxi service launched in August. The Baidu Go service encompasses the largest area and longest road network of about 435 miles (700 km) for an autonomous driving test area in China, as Futurecar's Eric Walz reported.

Baidu's Apollo is an open platform designed to foster innovation and speed up the development and rollout of autonomous driving and related technologies through collaboration with various Apollo partners, Eric added.

Baidu said it selected Velodyne's Alpha Prime lidar sensor for its long detection range, high resolution, and wide field of view, which it says can meet the high-performance requirements of autonomous vehicles.

“In fulfilling our intelligent driving mission, Baidu works with innovation leaders like Velodyne to bring a safe, efficient autonomous driving experience to everyone,” Yaoming Shen, the senior optical engineer of Baidu, said in a statement.

Since 2016, Baidu has been one of Velodyne's strategic investors. Reportedly, the Chinese tech giant has invested $75 million in the U.S. firm.

Shares in Velodyne slipped 3% to $17.27 Tuesday in New York, while Baidu closed at $127.05 per share, 67 cents lower on the day.

Topics:Velodyne; Baidu