Hyperdrive
Mercedes Taps Luminar for Laser Sensors, Takes Stake in the Company
- Technology company also has production pacts with Volvo, SAIC
- European automakers ‘ahead of the game’ on lidar, CEO says
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Mercedes-Benz plans to use laser sensors from Luminar Technologies Inc. in a next-generation vehicle platform to enable semi-autonomous driving features on highways, sending the lidar maker’s shares soaring.
Daimler AG’s Mercedes and supplier Luminar, which went public via a $3.4 billion reverse merger in 2020, declined to specify which models will include the laser-based technology, the volume of planned vehicle production or when the cars will debut. Mercedes also is taking an unspecified minority stake in the Orlando, Florida-based manufacturer, Luminar said Thursday.