Luminar ($LAZR) Partners with Polestar ($PSNY) to Integrate Lidar Technology into Multiple EV Models

Green Stock News

Luminar (NASDAQ: LAZR) and Polestar (NASDAQ: PSNY) announced their plan to integrate Luminar's lidar technology into Polestar's vehicles.

This partnership marks a new era of innovation, as vehicles equipped with the latest in lidar technology will provide a safer and more convenient driving experience. The integration of Luminar's technology sets a new standard for the industry and will shape the future of automotive technology.

Both the Polestar 3 and Polestar 5 will seamlessly integrate Luminar’s long-range Iris lidar and software into the roofline.

Austin Russell, Founder and CEO, Luminar stated: “As we successfully execute together, Polestar’s conviction in Luminar and the value of our technology has continued to accelerate. With this new expanded partnership and our shared pioneering spirit, we will push the boundaries of automotive technology and design into new territories for the next generations.”

Polestar CEO, Thomas Ingenlath added: “Luminar is at the forefront of lidar technology development and this closer collaboration will allow for greater innovation in our cars to come.”

Polestar is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in markets across Europe, North America, China and Asia Pacific.

Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy.

Shares of Luminar trade on the NASDAQ under the ticker symbol LAZR. Shares of Polestar also trade on the NASDAQ under the ticker symbol PSNY. For more information visit www.greenstocknews.com