Velodyne Lidar Inc. (NASDAQ:VLDR) shares are rising in premarket trade today, jumping by 2.44% to trade at $14.69 at the last check. The Velodyne stock fell by 1.04% to close the Wednesday trading at $14.34. A volume of 1.73 million shares of VLDR stock was traded, which was lower than the average of 4.63 million in the preceding three months.
A VLDR stock’s 50-day moving average of $14.19 is below its 200-day moving average of $18.02. Moreover, VLDR stock currently trades at a RSI value of 54.07. The VLDR stock is rising thanks to an EV maker choosing the company as its exclusive LIDAR supplier.
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VLDR’s LIDAR technology:
Real-time surround view lidar was invented by Velodyne, ushering in a new era of autonomous technology. A pioneer in the lidar industry, VLDR is dedicated to the development and commercialization of breakthrough lidar technologies. VLDR strives to further safer mobility for all by continuously innovating.
The Velodyne announced today it has been selected as the exclusive lidar supplier for Faraday Future’s pioneering All-Electric Vehicle (EV) FF 91.
- A suite of autonomous driving features that targets complete highway, urban and parking autonomy will be enabled by VLDR’s solid-state Velarray H800 lidar sensors.
- Based on Velodyne’s proprietary micro-lidar array architecture (MLA), Velodyne’s Velarray H800 solid state lidar sensor offers automotive grade performance.
- This embedded sensor can be placed seamlessly behind the vehicle’s windshield for streamlined, seamless integration.
- In combination with its broad field of view and long-range perception, the Velarray H800 is designed for safe navigation and collision avoidance in ADAS and autonomous mobility applications.
What FF will be getting?
FF is developing new driver assistance features that make its vehicles safer, ride smoother and more convenient using Velodyne Lidar (VLDR). Incorporating the VLDR sensor into the current vehicle architecture enhances the safety of navigation, collision avoidance, and a future-forward design.