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LAZR - Luminar Technologies Inc News Story

$17.67 -0.4  -2.2%

Last Trade - 16/04/21

Market Cap £638.8m
Enterprise Value £638.5m
Revenue £n/a
Position in Universe 2946th / 6850

BUZZ-Lidar cos: Surge on report Apple may tap partners for self-driving tech

Tue 22nd December, 2020 1:45pm
** Shares of sensor maker Velodyne Lidar  VLDR.O  jump 13.2%
to $27.95 premarket, while peer Luminar Technologies  LAZR.O  up
8.8% at $38.24
    ** Apple Inc  AAPL.O , which is aiming to produce a
passenger vehicle by 2024, has decided to tap external partners
for elements of its self-driving system, including lidar
sensors, Reuters reports  urn:newsml:reuters.com:*:nL1N2J12O7
    ** VLDR is among cos supplying lidar systems for AAPL's
fleet of self-driving test vehicles in California 
    ** Lidar is a sensor that generates a three-dimensional map
of the road ahead
    ** LAZR has struck development deals with several
automakers, with Volvo among the first to use the company's
lidar for self-driving vehicles likely to hit the road in 2022

 (Reporting by Munsif Vengattil in Bengaluru)
 ((munsif.vengattil@thomsonreuters.com))
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