- NXP Semiconductors NV (NASDAQ:NXPI) said NIO Inc (NYSE:NIO) will leverage its automotive radar technology, including imaging radar solution.
- NXP’s latest 4D imaging radar solution significantly improves front radar performance in today’s vehicles.
- The cars will be able to detect and classify objects such as other vehicles and vulnerable road users in high-way and complex urban scenarios and at distances of up to 300 meters.
- NXP’s imaging radar technology expands radar’s capabilities from measuring range and speed, to include direction, angle of arrival, and elevation measurement.
- Price Action: NXPI shares closed higher by 1.39% at $166.01 on Monday.
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Barclays Maintains Overweight on OneMain Holdings, Lowers Price Target to $62
Barclays analyst Mark Devries maintains OneMain Holdings (NYSE:OMF) with a Overweight and lowers the price target from $72 to $62.