Lidar maker Luminar announces 'multibillion dollar' expansion of its deal with Mercedes-Benz
Publishing timestamp: 2023-02-22 14:13:33
Summary
Luminar and Mercedes-Benz have announced an expanded partnership in which Mercedes-Benz will incorporate Luminar's lidar units and software into a broad range of vehicles starting mid-decade. The new system will allow for hands-free operation at speeds up to 130 kilometers per hour and enhanced driver-assist features in urban environments. Luminar's shares jumped more than 25% following the announcement.
Sentiment: POSITIVE
Keywords: luminar technologies inc, mercedes benz group ag, business, technology, transportation, climate, business news,
Source: https://www.cnbc.com/2023/02/22/luminar-mercedes-benz-lidar-partnership.html