Is This The Lidar Company Apple Will Use For Apple Car?

Technology giant $Apple (AAPL.US)$ continues to push further with its ambitions to enter the automotive market. The company plans on pursuing vehicles, with a heavy focus on autonomous driving.

One stock could have an inside track at becoming a supplier for Apple vehicles.

Talks of Apple launching vehicles continue to heat up, with investors eagerly awaiting to hear the details and which companies will be partners.

$Ouster (OUST.US)$ completed a SPAC merger earlier this year as one of several lidar companies to choose this route to go public.During Ouster’s investor day in February, Pacala was asked about a potential partnership with Apple. Pacala highlighted the potential of Apple choosing Ouster due to its digital lidar, while also sharing an interesting personal connection.Ouster shared a blog post earlier this year highlighting why a giant like Apple decided to choose digital lidar over other lidar technology.