Baidu-Backed US Velodyne Pares China Team Amid Slow Autopilot Progress
Liao Shumin
DATE:  Dec 10 2019
/ SOURCE:  yicai
Baidu-Backed US Velodyne Pares China Team Amid Slow Autopilot Progress Baidu-Backed US Velodyne Pares China Team Amid Slow Autopilot Progress

(Yicai Global) Dec. 10 -- Velodyne Lidar, a US autonomous vehicle sensor maker, has let go of more than one half of its China staff due to the country's slower-than-expected progress in the autopilot sector, tech news outlet 36Kr reported, citing insiders.

The layoffs involve sales and technology staff among the total headcount of no more than 20 in Beijing.

Ford Motor and Baidu invested USD150 million in the lidar technology firm in 2016.

Editor: Emmi Laine 

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Keywords:   Velodyne Lidar,AutoPilot