Lucid Group (NASDAQ:LCID), the corporate behind the ultra-luxury Lucid Air electrical automobile, is slated to disclose key particulars of its Autonomous Driver Help System (ADAS), dubbed the Lucid DreamDrive, on the twelfth of October.
#LucidAir options as much as a whopping 32 sensors, together with the newest imaginative and prescient, radar, and ultrasonic expertise, plus a high-res LIDAR that makes use of laser beams to measure distance from objects. #DreamDrive awakens on October 12. #DreamAhead pic.twitter.com/TrDzAxW57C
— Lucid Motors (@LucidMotors) October 6, 2023
As per the small print publicly accessible in the mean time, Lucid Group’s DreamDrive options 32 sensors, together with cameras, radar, ultrasonic tech, and a high-resolution LiDAR. Simply as Tesla’s Autopilot, the Lucid DreamDrive is at present ranked as an SAE Degree 2 ADAS, permitting automated lane modifications and different normal partial autonomy options. The corporate can also be actively working towards Degree 3 autonomy.
In fact, Intel’s (NASDAQ:INTC) Mobileye is a number one competitor within the subject of autonomous driving. The Mobileye Supervision is a pure camera-based ADAS that leverages 7 long-range and 4 short-range cameras. The system is powered by 2 EyeQ5H chips. Mobileye additionally plans to supply enhanced ADAS capabilities below its TRUE REDUNDANCY™ solution – an built-in system that leverages knowledge streams from 360-surround view cameras, LiDAR, and radar with a view to ship enhanced security for degree 4 autonomous driving. Whereas Mobileye at present sources the LiDAR sensors from Luminar (NASDAQ:LAZR), it plans to change to an in-house answer by 2025. Intel’s autonomous driving unit at present has partnerships with over 25 OEMs, together with NIO (NYSE:NIO) and, surprisingly, Lucid Group as nicely!
Keep in mind that Lucid Group had announced again in 2020 that its DreamDrive leveraged expertise from a various group of firms, together with Right here, Continental, and Bosch. Whereas Mobileye was not particularly talked about in that press launch, we’d hazard a guess that the corporate has performed some function within the growth of the DreamDrive. Let’s elaborate.
Again in 2016, Lucid Group – then generally known as Lucid Motors – had introduced a partnership with Mobileye to “allow autonomous driving functionality on Lucid automobiles.” Lucid had famous in a press release again then:
“Mobileye was chosen to supply the first compute platform, full 8-camera surround-view processing, sensor fusion software program, Highway Expertise Administration (REM™) crowd-based localization functionality, and reinforcement studying algorithms for Driving Coverage. These applied sciences will allow a full Superior Driver Help System (ADAS) suite at launch, after which allow a logical and protected transition to autonomous driving performance by way of over-the-air software program updates.”
This brings us to the crux of the matter. Provided that Mobileye’s TRUE REDUNDANCY™ ADAS answer and Lucid Group’s DreamDrive each incorporate a equally eclectic mixture of sensors, we imagine that there’s a excessive chance that the DreamDrive leverages not less than sure points of Mobileye’s autonomous driving expertise. The existence of a previous partnership between these two firms solely serves to reinforce confidence on this prognosis.
Nonetheless, there’s a want for warning right here, particularly as Lucid Group’s partnership with Mobileye was introduced nearly half a decade again, and there was little to no point out of any iterative steps ahead since then. Both manner, the twelfth of October is actually shaping as much as be an thrilling day for Lucid Group bulls.
