Luminar Technologies Shares Rise 10% After Partnership With Mercedes-Benz
By Chris Wack
Luminar Technologies Inc. shares were up 10% to $14.78 after the
company said it entered into a partnership with Mercedes-Benz to
accelerate the development of future highly automated driving
technologies for Mercedes passenger cars.
Luminar said its Iris lidar technology, which is currently being
prepared for series production, is expected to improve vehicle
safety and the technical capabilities of highly automated driving
The company said the partnership represents a major commercial
win as it continues to execute toward series production.
Luminar stock hit its 52-week low of $13.42 on Wednesday.
Write to Chris Wack at email@example.com
(END) Dow Jones Newswires
January 20, 2022 10:04 ET (15:04 GMT)
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