06:07
+8 C°
Traffic jam:   0
$
63.5643
66.6135

Luminar shares up 16%

21 January 2022
2716
1 min.
5
Luminar shares up 16%

Luminar on the stock exchange

Shares in US lidar maker Luminar Technologies jumped 16% to $15.63 a share in early trading on the back of its partnership with Mercedes-Benz. NASDAQ trading data showed this.

According to a press release, the German carmaker intends to use the latest developments from the technology company in its next-generation vehicles. According to CNBC, Mercedes-Benz will also eventually acquire up to 1.5 million shares of Luminar as part of the agreements.

The automotive technology company said the deal would help develop future automated driving technologies for Mercedes cars.

Austin Russell, founder and CEO of Luminar, said the deal demonstrates "how significantly increased safety and autonomous driving features in consumer cars are moving from science fiction to the mainstream".

Earlier this month, Luminar and Volvo Cars announced plans to launch the next generation SUV this year. Luminar is a key component of unmanned vehicles. It is an optical sensor that measures the distance or speed of objects using an infrared laser. As a result, the computer system receives a three-dimensional image of the world around it and determines the exact distance to obstacles and other vehicles, as well as information on whether an object is moving.

Persons1 and Companies4 in the news

Founder and CEO of the Luminar Technologies
1 place
Mercedes-Benz
2 place
Volvo Group
3 place
CNBC
4 place
Section:

Discussion

Rating companies
Nasdaq
195 Mention
Dow Jones
138 Mention
Apple
78 Mention
Amazon
66 Mention
Tesla
66 Mention
Facebook
60 Mention
Twitter
45 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
7951221433
Died this year
22496831
Born this year
55346186