Search results for Luminar
Mobility
Volvo withdraws EX90, ES90 lidar features, offers cash compensation to existing buyers
Volvo is halting development of lidar-based functions for its electric EX90 SUV and ES90 sedan and has begun compensating existing buyers. The vehicles have lidar hardware, but the related software features will not be released. Volvo has ended its partnership with supplier Luminar, a company spokesperson in Norway said. Compensation varies by country, including payments in Norway and cash-equivalent options in the United States, as well as refunds in Europe and Canada.
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.
