Search results for Luminar
Industry
Tesla no longer just an EV maker as 4680 battery cell returns
Elon Musk is preparing a $1.5 trillion IPO for SpaceX, raising hopes for a revival in the listing market, while a SpaceX-Tesla merger is seen as complex. Tesla plans to end Model S and Model X production and switch the line to Optimus robots as it pivots toward physical AI. It is also pursuing partial Apple CarPlay integration and has restarted Model Y output using 4680 battery cells, alongside progress on a dry electrode process.
Mobility
Self-driving lidar maker Luminar headed for breakup as assets go to new owners
A late-stage bidding scramble erupted over the sale of key businesses at U.S. automotive lidar specialist Luminar, which is in bankruptcy proceedings. An unidentified bidder submitted a $33 million offer just before a hearing, but Luminar selected MicroVision\'s $33 million bid as the winning offer and the court approved it. Luminar\'s lidar business will go to MicroVision and its semiconductor unit will be sold to Quantum Computing Inc. The deals are expected to close within weeks.
Mobility
Mercedes-Benz halts U.S. launch of Level 3 Drive Pilot
Mercedes-Benz will halt the launch of its Drive Pilot Level 3 automated driving system in the United States, media reports said. The company has stopped production and will not apply the system to future new S-Class models. Drive Pilot operated only on limited highway sections in Nevada and California, with a top speed of 40 mph and strict daytime and weather requirements. It also required extra hardware and a $2,500 annual subscription fee.
