Luminar Technologies, Inc. (Nasdaq: LAZR)…the global leader in automotive lidar hardware and software technology

Summary: Luminar Technologies, Inc. (Nasdaq: LAZR)…the global leader in automotive lidar hardware and software technology, today announced a strategic partnership with SAIC Motor Corporation Limited, the largest automaker in China and a Fortune Global 100 company. Luminar is to power the autonomous capabilities and advanced safety features in SAIC’s new R brand vehicles for series production with its industry-leading lidar as well as components of its Sentinel software system. The R brand program is expected to begin series production with Luminar starting in 2022, with the parties’ longer-term goal being widespread standardization across all vehicle lines. As part of the close collaboration, Luminar will also be establishing an office in China, to be located in Shanghai alongside SAIC Motor, where SAIC would also be providing local support for the partnership. The partnership is expected to deliver the first autonomous production vehicles in China, establishing SAIC’s technology leadership position and Luminar’s production launch in the region. Luminar’s Iris lidar is seamlessly integrated into the roofline of the R brand vehicles at the optimal vantage point, while acting symbolically as a crown of the vehicle for safety and autonomy. Certain software components in Luminar’s Sentinel solution including object detection, classification and tracking is also planned to be integrated into R brand, helping to enable planned Highway Autonomy and Proactive Safety capabilities on the vehicles. “SAIC has grown to establish itself as the largest automaker in the world’s largest automotive market and has no intent of slowing down when it comes to electric and autonomous vehicles,” said Austin Russell, Founder and CEO of Luminar. “Instead, they are clearly leading the charge to set a new technology standard for both China and the industry at large. Luminar’s hardware and software is uniquely able to make SAIC’s vision a reality at series production scale.” About Luminar Technologies Luminar is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering the only lidar and associated software that meets the industry’s stringent performance, safety, and economic requirements. Luminar has rapidly gained over 50 industry partners, including 7 of the top 10 global automakers. For more information, please visit www.luminartech.com Read the full press release: https://greenstocknews.com/news/nasda...​ Green Stock News For the New Green Economy. https://www.greenstocknews.com