Luminar Technologies Partners With ECARX For Advanced Safety Technologies


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  • 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.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsBriefs