A tough day for LIDAR maker Quanergy

www.bloomberg.com

LIDARY is a deceptively difficult technology to get right. Companies often over-promise in a bid to gain investor and customer attention, and then end up under-delivering when they hit technical snags.

Solid-state LIDAR company Quanergy may have just pushed that game a little too far, drawing negative attention from news service Bloomberg. The article reports that both Quanergy's investors and autonomous vehicle customers are growing frustrated with the company's slow progress. Ouch.

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