Toyota Plans To Integrate RoboSense LiDAR In Lexus Electric Models, Future Expansion Across Other Brands Expected

Toyota Motor Corporation’s TM luxury brand Lexus will reportedly incorporate RoboSense Technology’s LiDAR products in several upcoming all-electric models, primarily utilizing the Chinese manufacturer’s M-platform products.

The collaboration will expand to include other Toyota brands in the future, reported CnEV Post.

RoboSense stated in its first-quarter earnings report that it has formed a supply partnership with the world’s leading carmaker for 2021 to 2022, specifically identifying Toyota, the report read.

Also Read: Toyota Subsidiary Violated Japan’s Law Protecting Subcontractors: Report

RoboSense, listed on the Hong Kong stock exchange, is China’s largest LiDAR manufacturer, serving numerous clients such as BYD BYDDY, SAIC Motor Corp, Geely Auto, and Toyota.

In the electric vehicle (EV) market, Toyota has been cautious in its approach, but indications suggest it may be preparing for a shift, CnEV Post added.

Toyota is reportedly in talks with Shanghai authorities regarding the potential construction of a fully owned factory for producing electrified vehicles under the Lexus brand, a move seen as daring given its current challenges in China, Bloomberg said in a report dated June 28.

Price Action: TM shares are trading lower by 0.63% to $204.58 at last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo by RYO Alexandre on Shutterstock

Read Next:

• What’s Going On With Mullen Automotive Shares Today?