Theoretical one is lower than that of lidar, but in practice a well made mm-wave radar, currently, has superior resolution to commercially available lidars
I researched the topic further, I would say that commercial offerings for automotive use with 1<degree resolution are not yet there, but that can be achieved.
Generally, to increase resolution you can do following - increase antenna size, increase number of antennas, increase amount of processing power thrown on it.
Right now, existing offerings can be improved in all 3 ways with ease.