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Startups steer autonomous vehicle industry

Flush with cash and big on ideas, new players are fast 'unbundling' the auto sector

Toyota Motor uses Luminar Technologies' sensor in its latest trial car.

TOKYO -- Startups are fast entering the auto industry in the areas of autonomous driving and other next-generation vehicle technology as the sector enters a new era.

These new players are reshaping the industry, a process known as "unbundling," which the telecommunications and information technology industries have already undergone.

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