Daimler Trucks Acquires Minority Stake in Luminar

Global leader in automotive lidar hardware and software technology Luminar Technologies Inc and the world’s largest commercial vehicle
Daimler Trucks Acquires Minority Stake in Luminar
Daimler Trucks Acquires Minority Stake in Luminar

manufacturer, Daimler Truck AG announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its US subsidiary, Daimler Trucks North America and Torc Robotics, part of Daimler Trucks’ Autonomous Technology Group, with the experts at Luminar are collaboratively pursuing a common goal of bringing series-produced highly automated trucks SAE Level 4 to roads globally. The teams will work closely together in order to enhance lidar sensing, perception, and system-level performance for Daimler trucks moving at highway speeds. To strengthen the partnership, Daimler Trucks has acquired a minority stake in Luminar.

The autonomous trucks are expected to yield dramatic improvements in efficiency and safety of logistics, with an initial focus on long-haul routes on highways. This constrained application of autonomy enables the technology to be commercially deployed in series production on nearer term time frames compared to urban autonomous driving development.

The partnership between Luminar and Daimler Trucks will extend beyond providing critical automotive technology solutions. As part of their joint commitment to safety, the companies will also collaborate on safety standards and operating practices, and make future policy advancements and safety enhancements as a result of the joint program.

Related Stories

SteelGuru Business News
www.steelguru.com