Even as EV production is on the rise, investors should also brace for a similar explosion in the autonomous vehicle (AV) space driven by breakthroughs in artificial intelligence, automation, robotics, and light detection and ranging (or Lidar) tech. Here, we look at two such companies, MicroVision (MVIS) and Luminar Technologies (LAZR), that are positioning themselves to be long-term winners in the Lidar and AV driving space. But which of these two companies is the better investment bet now? Let’s look.
Lidar is a method for determining variable distance by targeting an object with a laser and measuring the time for the reflected light to return to the receiver.