Overview: China's dominance extends beyond electric vehicles to the automotive LiDAR market as well. While Western companies like Luminar and Innoviz are resorting to layoffs and mergers and acquisitions to survive in challenging market conditions, Chinese companies such as Hesai and Robosense have achieved remarkable success, shipping over one million LiDAR units in 2024. This report explores the factors contributing to the success of Chinese LiDAR companies and contrasts them with the struggles faced by their Western counterparts.
Table of Contents:
- Introduction
- What makes China LiDAR makers succeed where their Western counterparts struggle?
- Conclusion
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Author
Mohit Sharma
Mohit is a seasoned Research Analyst at Counterpoint Technology Market Research, specializing in the Automotive Industry and its transformative megatrends, including Connectivity, Autonomous Vehicles, Electric Vehicles, Shared Mobility, and Location Technology. His academic foundation as a Mechanical Engineer is complemented by a Master's degree from EBS University in Germany, where he collaborated with leading automotive OEMs such as Kia and Daimler.
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