Japanese automaker Nissan is developing self-driving technology
TOKYO (AP) — Japanese automaker Nissan is developing new self-driving technology as it works to turn around its struggling auto business.
In a recent demonstration of the technology, set to be available in 2027, a Nissan Ariya sedan outfitted with 11 cameras, five radars and a next-generation sensor called LiDAR maneuvered its way through downtown Tokyo, braking for red lights as well as pedestrians and other cars at intersections.
Previous Nissan self-driving technology was designed for freeway driving, where the lanes are clearly marked and easier to decipher. The new technology is designed for congested, unpredictable city streets.
It’s an already-crowded field. The self-driving car market is estimated to reach $2 trillion by 2030, according to market researcher IndustryARC, riding on the back of advances in AI, sensor technologies and data processing capabilities.
Japan’s top automaker, Toyota Motor Corp., has a partnership deal with Waymo, another self-driving technology developed by Google. Waymo has also arrived in Japan, in partnership with a cab company, but it’s still in the testing stage.
Other automakers are also working on autonomous driving technology, including Honda Motor Co., General Motors and Mercedes-Benz, as well as companies outside the auto industry like Amazon and its subsidiary Zoox.
Nissan’s push comes at a time when the overall Japanese auto market is facing serious challenges because of President Donald Trump’s tariffs. Nissan especially is struggling. It has slashed jobs and appointed a new chief executive, Ivan Espinosa, to attempt a turnaround. The maker of the March subcompact, Leaf electric cars and Infiniti luxury brand posted losses for the April-June period, following a fiscal year of red ink.
___
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
Before you consider General Motors, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and General Motors wasn’t on the list.
While General Motors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
Enter your email address and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
