Like Tesla, Toyota Motor Looks To Develop Autonomous Driving Tech With Cheaper Cameras

Toyota Motor Corp TM unit Woven Planet is promoting autonomous driving technology without expensive sensors like lidars, Reuters reports.
Woven Planet used cameras that are 90% cheaper than sensors and conveniently installed in passenger car fleets, which could help drive down costs and scale up the technology.
Toyota would still use multiple sensors like lidars and radars for robotaxis and other autonomous vehicles for road safety.
Tesla has been betting on cameras to collect data from over 1 million vehicles on the road to develop its automated driving technology.
Alphabet Inc's GOOG GOOGL Waymo and other self-driving car firms added lidars to a few vehicles.
Price Action: TM shares traded lower by 0.68% at $176.45 on the last check Wednesday.
Editor's note: The story has been updated for clarity that Woven Planet is following the footsteps of other companies like Tesla to use cameras. They have not joined Telsa in any capacity