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Luminar technologies8/23/2023 ![]() Luminar didn't disclose the expected production volumes, but the company did describe it as a "multibillion dollar" expansion of the earlier deal, and a Luminar spokesperson told CNBC that this new deal is "more than an order of magnitude bigger" than last year's deal with Mercedes-Benz. "Next, we want to implement advanced automated driving features in a broader scale within our portfolio." Janu Today, Mercedes-Benz and Luminar Technologies, Inc. "In a first step, we have introduced a Level 3 system in our top-line models," said Markus Schäfer, Mercedes-Benz's chief technology officer, referring to last year's deal with Luminar. The deal builds on one announced by the two companies in January 2022, in which Mercedes-Benz said it would incorporate Luminar lidar in upcoming high-end models. Luminar is an autonomous vehicle and lidar technology company for passenger cars, commercial trucking and robo-taxi. "Mercedes' standards for vehicle safety and performance are among the highest in the industry, and their decision to double down on Luminar reinforces that commitment." "We are now set to enable the broadest scale deployment of this technology in the industry," Luminar CEO Austin Russell said. Luminar's shares jumped more than 25% following the announcement. Personal Loans for 670 Credit Score or Lower Austin Russell, the 26-year-old CEO of lidar maker Luminar, folds his lanky six-foot, four-inch frame into the back of a. ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit Luminar Technologies Inc - Class A (US:LAZR) has 418 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange. (LAZR) Stock Price, News, Quote & History - Yahoo Finance LAZR - Luminar Technologies, Inc.
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