Read The Full Article On: Arstechnica
With technology disrupting the automotive industry, investors have raced to secure exposure to potential winners—whether battery makers, manufacturers of other forms of power storage or developers of the “lidar” sensors that some believe are key to the development of self-driving cars.
Yet, according to a Financial Times analysis, the nine auto tech groups that listed via a special-purpose acquisition company (SPAC) last year expected revenues of just $139 million between them for 2020. They include QuantumScape, a battery company backed by Bill Gates and Volkswagen; the hydrogen truck start-up Nikola; and the lidar company Luminar Technologies.