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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-Luminar: Falls as Mobileye looks to build lidar sensors in-house

Tue 15th December, 2020 7:08pm
** Shares of automotive sensor startup  LAZR.O  down as much
as 12.5% at $24.28
    ** Mobileye CEO says its self-driving car system for 2025
could use in-house lidar sensors rather than units from LAZR*:nL1N2IV1OP
    ** In November, Mobileye said it had selected Luminar to
supply lidar units starting in 2022 for its robo-taxis
    ** Such LAZR units could be replaced in 2025 once Mobileye
has its own lidar sensors - CEO Amnon Shashua
    ** Peter Thiel-backed Luminar began trading as a public
company earlier this month after a merger with Gores Metropoulos
Inc, a special purpose acquisition company

 (Reporting by Munsif Vengattil in Bengaluru)
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