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Quanergy merger with SPAC wins shareholder OK

February 3, 2022 Leave a comment

Sunnyvale lidar startup Quanergy’s merger with Chinese SPAC wins shareholder OK Lidar maker Quanergy Systems Inc.’s plan to go public in a merger with a Hong Kong-based blank check company got a green light on Monday. Shareholders of Citic Capital Acquisition Corp. voted overwhelmingly to approve the deal, according to a regulatory filing by the special purpose acquisition company. But […]

world leader in self-driving lidar technology suing Chinese companies over IP

August 16, 2019 Leave a comment

The world’s leader in self-driving lidar technology is suing two Chinese companies over IP China’s vision of profiting from the driverless economy is being clouded by intellectual property debates, as two Chinese suppliers of a key self-driving technology are accused of stealing IP from a Silicon Valley company. Velodyne, the world’s largest producer of lidar—a radar-like sensor technology that uses […]