Unveils L4 Autonomous Driving Solution Priced Less than $10,000, an autonomous vehicle startup, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000.

The company said it can help vehicles drive themselves on complex urban roads with better performance than Tesla’s FSD (Full Self-Driving). Most importantly, it costs less than $10,000, nearly the same as the FSD price, the lowest to date in the industry, said.

The hardware suite includes five lidar sensors and eight cameras to allow the vehicle to have a 360-degree field of vision. It uses sensors that are mostly embedded, allowing self-driving vehicles to eliminate the “hat” on top of the vehicle, according to the company.

According to a video road test released by the company, its L4 system is able to navigate rush-hour traffic in downtown Shenzhen and can perform tasks such as flexibly changing lanes, yielding to pedestrians and merging with on- or off-ramps automatically.

In terms of product planning, from 2022 to 2023, will expand its in-depth technical cooperation with engine factories. Cars with L4 autonomous driving systems are expected to start mass production and enter the market at scale by 2024.

SEE ALSO: Alibaba Leads $300 million Investment into Autonomous Driving Start-up, as a company, focuses on two autonomous driving situations: travel and freight transportation within the same city. In June 2021, it became the first enterprise in China to transport nucleic acid test (NAT) samples by autonomous driving cars. In July, Shenzhen Futian District partnered with to officially offer RoboTaxi manned application demonstration services to the public.