Mercedes-Benz said Thursday it plans to use Luminar’s lidar technology in future vehicles as part of a broader deal that includes data sharing and the automaker taking a small stake in the company.
As part of the deal, Mercedes-Benz will acquire up to 1.5 million Luminar shares, in exchange for certain data and services, according to a regulatory filing. Shares of Luminar popped on the news and are now trading more than 17.7% higher.
Luminar’s agreement with Daimler North America Corporation will involve developing and integrating its technology on its next-generation series production passenger vehicles as well as other defined activities, the filing said …
