Luminar Achieves Critical Production Milestone for Volvo Cars Program
06 Ottobre 2023 - 6:15PM
Business Wire
Luminar successfully passes series production
'Run at Rate' test leading up to Volvo EX90 launch
Luminar Technologies (Nasdaq: LAZR), a leading global automotive
company, today announced a significant achievement towards enabling
the world’s safest and smartest vehicles. The company successfully
passed its first major Run at Rate production test for Volvo Cars
at its highly automated, high volume manufacturing facility in
Monterrey, Mexico. The successful completion of Run at Rate is a
key requirement for automakers in advance of start of production
(SOP), and the precursor to the launch of the Volvo EX90 featuring
Luminar as standard on every vehicle.
The Run at Rate served as a rigorous evaluation that assessed
Luminar’s ability to manufacture its LiDAR sensors on its highly
automated line in Mexico to meet increasingly higher levels of
production rates, as well as quality, reliability, and performance
requirements. The successful completion of the test for Volvo Cars
demonstrates Luminar's ability to achieve scale and underscores the
company’s commitment to the highest standards of automotive
safety.
“Passing Volvo Cars’ Run at Rate is a key inflection point for
Luminar to drive broad scale adoption of our technology,” said
Kevin Hinge, EVP of Supply Chain and Manufacturing. “Luminar built
a robust, vertically integrated technology and supply chain
foundation early on from the semiconductor-level up, which is
paying dividends in spades now that it’s time for scaled
production.”
Javier Varela, Volvo Cars’ Chief Operating Officer and Deputy
CEO, also emphasized the significance of this achievement, stating,
“The Volvo EX90 is designed to take Volvo safety to the next level
and Luminar’s technology is part of making that vision a reality.
Luminar has demonstrated clear commitment and results by passing
our Run at Rate milestone on the path to taking the technology to
customers across the globe.”
Earlier this month, the Volvo team also completed the first
installation of Luminar’s high performance LiDAR onto a Volvo EX90
manufactured at their Charleston plant, marking yet another
critical milestone for Luminar in the path to start of production
for Volvo Cars.
About Luminar:
Luminar is a global automotive technology company ushering in a
new era of vehicle safety and autonomy. For the past decade,
Luminar has built an advanced hardware and software/AI platform to
enable its more than 50 industry partners, including the majority
of global automotive OEMs. From consumer vehicle programs with
Volvo Cars and Mercedes-Benz to technology partnerships including
NVIDIA and Mobileye, Luminar is poised to be the first automotive
technology company to enable next-generation safety and autonomous
capabilities for global production vehicles. For more information
please visit www.luminartech.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231005720147/en/
Media Relations: Milin Mehta Press@luminartech.com
Investor Relations: Aileen Smith Investors@luminartech.com
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