Luminar Technologies Inc Stock Price, News & Analysis

Luminar (NASDAQ: LAZR) showcased significant advancements during Luminar Day, introducing the new Iris+ sensor designed for next-generation vehicle safety and autonomy, with production set to start from 2025. Aiming for triple-digit revenue growth annually over the next five years, Luminar revealed its integration in over 20 vehicle models and announced a new automated manufacturing facility in Mexico. Additionally, it formed partnerships with Swiss Re and Pony.ai to enhance insurance options and autonomous driving technology. The acquisition of Seagate’s lidar assets further aims to accelerate development and reduce costs.

Luminar (Nasdaq: LAZR) has announced an expanded partnership with Mercedes-Benz, significantly enhancing automated driving capabilities across a range of their next-generation vehicles. This expansion follows two years of collaboration and aims to integrate Luminar's Iris lidar technology into Mercedes-Benz’s production lines by mid-decade. The deal is valued in the billions and marks a major milestone for both companies. Enhanced systems are expected to support higher-speed freeway driving and improved urban assistance, reflecting Mercedes-Benz's commitment to vehicle safety and performance.

Polestar (Nasdaq: PSNY) and Luminar (Nasdaq: LAZR) announced an expanded partnership to enhance the integration of Luminar’s lidar technology in future Polestar vehicles, including the anticipated Polestar 5, a four-door GT expected to launch in 2024. Orders for the Polestar 3 featuring Luminar's Iris lidar are now open in North America and Europe, with deliveries slated for late 2024. This collaboration aims to foster innovation in vehicle safety and autonomy, leveraging Luminar's advanced technology. Polestar's CEO emphasized the potential for enhanced design capabilities through this partnership.

Luminar (LAZR) announced significant commercial momentum with new production deals for multiple vehicle models, exceeding 2022 targets. At CES, the Volvo EX90 and SAIC Rising Auto R7 will debut, showcasing Luminar technology. The acquisition of Civil Maps will enhance vehicle safety through new HD 3D mapping software. Luminar achieved all four key milestones for 2022, indicating strong growth potential. The company anticipates further advancements in 2023 as it focuses on transforming the automotive landscape.

Luminar (NASDAQ: LAZR) will host Luminar Day on February 28, 2023 at its headquarters, unveiling its long-term product and technology roadmap. The event targets investors, consumers, and OEM customers, featuring live product demos and discussions on safety and autonomy advancements. Additionally, at the CES Press Conference on January 4, 2023, Luminar will announce its 2022 milestones and a new consumer brand strategy. The event underscores Luminar's commitment to innovation in automotive safety and autonomous capabilities.

Luminar (NASDAQ: LAZR), a leader in automotive technology, will host a press conference at CES 2023 on January 4, 2023, at 2:00 PM PDT in Las Vegas. CEO Austin Russell will unveil plans for advancing safety and autonomous capabilities. The exhibit will also showcase live vehicle demonstrations involving Luminar's lidar-powered Proactive Safety™ system and the debut of the SAIC Rising Auto R7, featuring Luminar's Iris lidar. An exclusive event for investors and press featuring autonomous race cars will take place on January 6.

Luminar (Nasdaq: LAZR) partners with Volvo Cars to launch the all-electric Volvo EX90, marking a significant milestone in automotive technology. Each vehicle will feature Luminar's advanced lidar technology, enabling enhanced safety and autonomous capabilities on highways. This collaboration, rooted in a five-year partnership, aims to revolutionize vehicle safety by integrating life-saving technology as a standard feature, rather than an optional one. This paradigm shift emphasizes prioritizing consumer safety and sets a new industry standard.

Luminar (NASDAQ: LAZR) has achieved a significant milestone with the start of production for SAIC's RISING AUTO, marking a pivotal moment in the transition of autonomous technology from R&D to consumer vehicles. The R7 vehicle will utilize Luminar's lidar technology, enhancing safety and automated driving. In Q3 2022, Luminar reported strong revenue and earnings growth, with an optimistic outlook following major partnerships, including the Polestar 3 and upcoming Volvo EX90. This progress positions Luminar as a key player in the automotive technology industry.

Luminar (NASDAQ: LAZR) will provide its third-quarter 2022 financial update on November 2, 2022, post-market. CEO Austin Russell and CFO Tom Fennimore will host a video webcast at 2:00 p.m. PDT (5:00 p.m. EDT) to discuss results and engage in a live Q&A. Shareholders can submit questions from October 26 to November 1 via an online platform. The event will be streamed live on Luminar’s Investor site, and a replay will be available afterward.