Scoop has an Ethical Paywall
License needed for work use Register

World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Innovusion Delivers 200,000 LiDAR Units, Driving The Industry With Unprecedented Growth

Leading provider of high-performance LiDAR sensors breaks record of delivered units

SUNNYVALE, CA, Nov 17, 2023 - (ACN Newswire) - Innovusion, a leading provider of high-performance LiDAR sensors and solutions, today announced that it has delivered 200,000 LiDAR units for vehicles cumulatively, achieving a significant milestone as the preeminent global leader in the LiDAR industry.

Innovusion is a rapidly growing player in the LiDAR space, holding the majority of LiDAR market share in 2022 for passenger cars and light commercial vehicles, according to Yole Intelligence's Global Automotive LiDAR Market and Technology Report 2023. The company significantly outperformed Yole Intelligence's projected forecast from the previous year and led both sales volume and revenue for the passenger car and commercial vehicle LiDAR market in 2022. This year, Innovusion has continued to lead large-scale delivery of LiDAR sensors through various partnerships with companies like automobile manufacturer NIO, which uses Innovusion's automotive-grade product, Falcon, in eight models, including the ET7, ES7 and ET5.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

The company's production of 200,000 units in 2023 is a significant feat considering the challenges of large-scale mass production of high-performance LiDAR. Within the automotive sector, producers must pass extremely stringent requirements for product manufacturability, supply chain maturity, production cycle and reliability while maintaining precise assembly of optical instruments, orderly mass production at a fast pace and guaranteed product performance and yield rate. LiDAR is also susceptible to the challenges of many emerging fields in the automotive industry, such as low maturity of initial industrial chains, lack of large-scale industrial production capacity, difficulty in ensuring mass production landing, production consistency and quality control.

"We're thrilled to have achieved this milestone of producing 200,000 LiDAR units this year," said Junwei Bao, CEO and co-founder of Innovusion. "Innovusion is highly focused on enabling mass production while ensuring we create the highest quality sensors for our customers. We look forward to further advancing LiDAR functionality and facilitating safer, smarter and more efficient large-scale applications in the future."

Pioneering Mass Production Through Forward-looking Design

Behind the delivery of a massive quantity of units lies a dedication to designing a comprehensive product matrix to meet the ever-evolving needs of customers in the automotive and ITS industries. Innovusion's future-oriented product development is based on the real, complex needs of automotive manufacturers and traffic technologies providers. The company aims to continually solve customers' core engineering problems, develop timely product improvements and explore innovative design solutions.

In 2021 Innovusion developed the world's first automotive-grade high-performance LiDAR supply chain from scratch. At present, the company's lightweight production line has achieved 90% automation, ensuring timely and efficient production. According to Yole Intelligence's report, the demand for vehicle-based LiDAR is continuing to grow rapidly across the globe; market revenue is anticipated to rise to nearly $4.5 billion by 2028, up from $300 million in 2022. Innovusion's annual production capacity is currently at over 300,000 units, and the company is planning new production lines to meet the market's increasing demand.

Cementing Key Partnerships to Advance the LiDAR Industry

This year, Innovusion announced partnerships with several companies across the globe, including Wideye, Exwayz and D2 Traffic, to bring cutting-edge LiDAR to the automotive and ITS industries for safer and smarter transportation. The company has already been actively working with several other companies in the space, including NIO, TuSimple, EACON, Deepway, AUTRA TECH, and MOGO Auto. These collaborations have helped drive Innovusion's growth and pursuit of advanced LiDAR solutions, and the company will continue to develop solutions that meet the unique needs of the industry.

About Innovusion

Innovusion is a leading global provider of image-grade LiDAR sensors that power a safer, smarter, and more mobile world across the automotive, intelligent transportation, rail and industrial automation industries. With R&D teams and automotive-grade manufacturing bases in both the USA and China, Innovusion's portfolio of dynamic LiDAR solutions help transform communities with safer mobility in mind, deliver better autonomous driving experiences, and enable more accurate and efficient smart city development. Automotive-grade product, Falcon, has been a standard configuration of the Aquila system for 8 NIO models, including the ET7, ES7, and ET5 since 2022 and with 150,000+ units currently in use, continues to be mass produced as of today. For more information, please visit

© Scoop Media

Advertisement - scroll to continue reading
World Headlines

UN News: Aid Access Is Key Priority

Among the key issues facing diplomats is securing the release of a reported 199 Israeli hostages, seized during the Hamas raid. “History is watching,” says Emergency Relief Coordinator Martin Griffiths. “This war was started by taking those hostages. Of course, there's a history between Palestinian people and the Israeli people, and I'm not denying any of that. But that act alone lit a fire, which can only be put out with the release of those hostages.” More

Save The Children: Four Earthquakes In a Week Leave Thousands Homeless

Families in western Afghanistan are reeling after a fourth earthquake hit Herat Province, crumbling buildings and forcing people to flee once again, with thousands now living in tents exposed to fierce winds and dust storms. The latest 6.3 magnitude earthquake hit 30 km outside of Herat on Sunday, shattering communities still reeling from strong and shallow aftershocks. More

UN News: Nowhere To Go In Gaza

UN Spokesperson Stéphane Dujarric said some 1.1M people would be expected to leave northern Gaza and that such a movement would be “impossible” without devastating humanitarian consequences and appeals for the order to be rescinded. The WHO joined the call for Israel to rescind the relocation order, which amounted to a “death sentence” for many. More

Access Now: Telecom Blackout In Gaza An Attack On Human Rights

By October 10, reports indicated that fixed-line internet, mobile data, SMS, telephone, and TV networks are all seriously compromised. With significant and increasing damage to the electrical grid, orders by the Israeli Ministry of Energy to stop supplying electricity and the last remaining power station now out of fuel, many are no longer able to charge devices that are essential to communicate and access information. More


Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.