Cheng-Tech motors into crowded self-driving field

As autonomous driving gains speed and acceptance, key components are fueling the technology’s rise. While cameras and light detection and ranging (LiDAR) are among the higher-profile of those, Shenzhen Cheng-Tech Co. Ltd. hopes to impress investors with its status as China’s third-largest maker of automotive millimeter-wave radar, as it revs up for a Hong Kong IPO. The company aims to capitalize on current enthusiasm for technology stocks, including a growing number engaged in autonomous driving, as Hong Kong experiences one of its hottest IPO markets in years.

https://thebambooworks.com/cheng-tech-motors-into-crowded-self-driving-field/