Luminar ecarx8/30/2023 ![]() ![]() Necessary cookies are absolutely essential for the website to function properly. “This collaboration with Luminar will help rapidly advance the scale up of both our technologies.”įrom Volvo Cars and Mercedes-Benz for consumer vehicles and Daimler Trucks for commercial trucks, to tech partners NVIDIA and Intel’s Mobileye, Luminar is enabling next-generation safety and autonomous capabilities for production vehicles. “ECARX is developing a full-stack automotive computing platform to underpin intelligent electric vehicles capable of unsupervised highway driving, that seamlessly integrate with the user’s existing digital ecosystem,” adds Ziyu Shen, CEO of ECARX. This collaboration will better position Luminar to expand deployment of our technology on a variety of production vehicle platforms in this fast-paced market where demand is rapidly growing for vehicles defined by their technical capabilities.” ![]() The collaboration will help Luminar to accelerate deployment of its industry-leading long-range lidar and software in the market and beyond through ECARX’s connection with Geely and the Geely ecosystem.Īs part of the collaboration, Luminar is making a stock-based investment in ECARX.ĮCARX’s core products include infotainment head units (IHU), digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack.Īustin Russell, Founder and CEO of Luminar., says: “ECARX has earned an esteemed reputation and strong track record of success in the world’s largest auto market, China. ![]() The partnership will further strengthen Luminar’s presence in China, the world’s largest automotive market.īy integrating Luminar’s technology with Geely-backed ECARX’s suite of automotive intelligence products, automakers in China and beyond will have a clearer path to deploy advanced safety technologies and driving capabilities on series production vehicles. Luminar, a leading global automotive technology company, is teaming up with China’s ECARX, to collaborate on automotive grade technologies with the intent to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks. The planned listing is also supported by $300 million raised by COVA in its initial public offering (IPO) in February last year.Ī blank-check firm, or a special purpose acquisition company (SPAC), is a listed shell entity that uses the money raised in its IPO to merge with a private company, taking it public in the process.Facebook Twitter LinkedIn Pocket Link E-mail Reading Time: 2 minutes The company was founded by Ziyu Shen, its chief executive officer, and Li Shufu, Geely's chairman, in 2017. With facilities in China and Europe, ECARX focuses on technology used in car chips, high-definition maps and smart vehicles. "As things are successful, I don't think it would be surprising if we ultimately collaborate even more, invest even more, as this partnership scales," he told Reuters. Luminar CEO Austin Russell told Reuters that the California-based startup will be investing $15 million in ECARX in a bid to break into the Chinese car market, the world's biggest, and tap customers such as Geely. The deal with COVA Acquisition Corp includes a $45 million investment from mobility tech company Geely, lidar sensor maker Luminar Technologies Inc and automotive company Lotus Technology. regulators have been locked in a dispute over the latter's demand for complete access to the books of U.S-listed Chinese companies. Chinese listings in the United States have been frozen for months, as Beijing and U.S. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |