Sensata Enters Partnership with Quanergy as Automotive LiDAR Market Hots Up

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Report Summary:

On the 7th March 2016, Sensata and Quanergy entered into what was described as a “strategic partnership” which sees Sensata making an undisclosed investment into Quanergy and taking a seat on the company’s board.  This is the latest in a series of investments that Quanergy has received, and highlights the rapidly growing interest in Automotive LiDAR, coming only a few days after Continental bought the Hi-Res 3D Flash LIDAR business of ASC.

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