Quanergy Systems or will be the first automated start-up company to apply for an initial public offering (IPO). Quanergy has asked banks to submit their market profiles and start applying for work, and is expected Sensor to complete its first offering in 2018. Quanergy is located in Sunnyvale, California. The company representative has not commented on the matter in time.
Quanergy mainly develops laptops and laser sensor technology for automatic driving vehicles. Automatically driving a car generally requires at least two laser radar sensors, that is, through the laser beam to produce real-time 3D images around the road and the body. Quanergy related products priced at about 4,000 US dollars, although compared to peers is not high, but it is planned in the next two to three years the price will be reduced to 100 US dollars. With the development of automatic driving vehicle technology, the automotive industry Fuel Rail Pressure Sensor continues to deepen the fire. Technology leader Alphabet and Apple are competing to invest in the autopilot system. Including Tesla and the public, including car prices have also launched a part of the autopilot models. Volkswagen Group's Audi in July released the first equipped with laser radar system production models.
Quanergy has now received investments including Daimler, Delphi, Samsung Electronics, billionaire Alisher Hurmanov. Prior Temperature Sensor to Facebook and Alibaba IPO, Alisher Hurmanov had invested in it.