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. Luminar, a company that develops lidar sensors for use in self-driving cars, has seen its stock decline by about 6 over the last week, trading at 16.50 per share. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells long-range. Luminar's shares jumped more than 25 following the announcement. "Next, we want to implement advanced automated driving features in a broader scale within our portfolio." LAZR Stock Price - Luminar Technologies, Inc. is the strongest performer in the theme, up by about 30, BorgWarner (BWA) stock is down by about -10. "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. Luminar had a market cap of close to 8 billion in Thursday’s trading, despite posting. About the company Rewards Trading at 50 below our estimate of its fair value Revenue is forecast to grow 50. is an American technology company that develops vision-based lidar and machine perception technologies, primarily for self-driving.
LUMINAR STOCK SOFTWARE
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 Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. On eToro, you can buy LAZR or other stocks and pay ZERO commission Follow Luminar Technologies Inc. "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.
During the last market session, Luminar Technologies Inc’s stock traded between 6.76 and 7.67. Luminar Technologies Inc is up 11.93 from its previous closing price of 7.46. Luminar's shares jumped more than 25% following the announcement. Luminar Technologies Inc’s Stock Price as of Market Close As of February 24, 2023, 4:00 PM CST, Luminar Technologies Inc’s stock price was 8.35.
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