Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Luminar Technologies Partners With ECARX For Advanced Safety Technologies

Luminar LAZR Austin Russell China Luminar Technologies Inc Nasdaq
  • Luminar Technologies Inc (NASDAQ:LAZR) has partnered with the mobility tech company ECARX to collaborate on automotive grade technologies.
  • The partnership intends to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks.
  • The arrangement is expected to strengthen Luminar's presence in China and help to deploy its long-range lidar and software in the market.
  • As part of the collaboration, Luminar will make a strategic stock-based investment in ECARX.
  • "ECARX has earned an esteemed reputation and strong track record of success in the world's largest auto market, China," said Luminar CEO Austin Russell.
  • Price Action: LAZR shares are trading higher by 4.52% at $9.61 on the last check Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
They say we don’t like sex, drugs, democracy or DIY. But here’s how we in gen Z really feel
Recent surveys claim to have discovered a lot of alarming things about my generation. But they’re not telling you the whole story
The Guardian - UK
The Guardian - UK
Why smell and sight are close friends
New research explores the many ways our sensory experiences overlaps, teaching us new ways the brain perceives
Salon
Salon
Best American snacks: Must-try treats from across the pond for UK delivery
The United States of Snacks
Evening Standard
Evening Standard
Jimmy Fallon's natural kitchen island emphasizes a 'big shift' in design trends – designers say it has the rare ability to feel 'forever new'
The Tonight Show host combines dusty red cabinets with a natural, unpainted island countertop – for a unique, natural twist in the center of his kitchen
Homes & Gardens
Homes & Gardens
Kristin Davis Shares Why the 'Sex and the City' Cast Was "Scared" of Showing Their Nipples on TV
"Like, would we be shunned?"
Marie Claire
Marie Claire
Post Malone joins reunited Nirvana at Saturday Night Live 50th anniversary concert
Adam Sandler introduced the group as ‘Post Nirvana’
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play