![]() Luminar’s tie-up with Ecarx will be critical in helping it confront domestic lidar players, from BYD-backed RoboSense and Bosch-backed Hesai to Temasek-funded Innovusion and Livox, which sprang out of DJI. The lidar industry in China is enjoying a boom as the country’s electric car makers - which themselves have benefited from government support for renewable energy - woo picky consumers with advanced driving technology, in-car entertainment and other novel auto features. Shen Ziyu, Ecarx’s other co-founder and a former General Motors executive, told Reuters in March 2021 that the company had already supplied 2.5 million vehicles. Its customers include, unsurprisingly, Geely-owned brands like Lotus and Volvo. Ecarx is building a comprehensive platform for the future of cars, focusing on the likes of auto chips and smart vehicles. Luminar’s sensing technology can potentially reach millions of vehicles through the Geely/Ecarx auto empire. The funding will be part of the pair’s wider collaboration on automotive-grade technologies, which aims to “ enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks,” a plan that Luminar unveiled in May. It’s making a strategic investment of an undisclosed amount in Ecarx, an auto tech startup co-founded by Eric Li, founder of China’s largest private automaker Geely, Ecarx said on Thursday. “This collaboration with Luminar will help rapidly advance the scale up of both our technologies.”Įarlier this week, the company also announced the addition of Jackie Chen to run the expansion of Luminar’s business in China.Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. “ECARX is developing a full-stack automotive computing platform to underpin intelligent electric vehicles capable of unsupervised highway driving, that seamlessly integrate with the user’s existing digital ecosystem,” said Ziyu Shen, CEO of ECARX. This collaboration will better position Luminar to expand deployment of our technology on a variety of production vehicle platforms in this fast-paced market where demand is rapidly growing for vehicles defined by their technical capabilities,” said Austin Russell, Founder and CEO of Luminar.īy integrating Luminar’s long-range lidar and software with ECARX’s suite of automotive intelligence products, automakers in China and beyond will have an accelerated path to deploy advanced safety technologies and driving capabilities on series production vehicles. “ECARX has earned an esteemed reputation and strong track record of success in the world’s largest auto market, China. As part of the collaboration, Luminar is making a strategic stock-based investment in ECARX. ![]() The collaboration will help Luminar to accelerate deployment of its industry-leading long-range lidar and software in the market and beyond through ECARX’s deep connection with Geely and the Geely ecosystem, comprising some of the world’s most reputable automotive brands. The partnership will further strengthen Luminar’s presence in China, the world’s largest automotive market. – Luminar, a leading global automotive technology company, announced today it’s teaming up with ECARX, a global mobility tech company, to collaborate on automotive grade technologies with the intent to enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks. ECARX, a Global Mobility Tech Company, to Work with Luminar on Hardware and Software Systems for Series Production
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