Luminar, the Nasdaq-listed lidar maker from Florida, is making a push into China as the world’s largest auto market races to put automated and autonomous driving vehicles on the road.
By 2028, more than one million Luminar-equipped cars will be on the road in China, Luminar’s founder and CEO Austin Russell said this week at Auto Shanghai, one of the world’s largest auto trade fairs.
It’s refreshing to see foreign investment continue to flow in the auto sector between the two superpowers despite their escalating standoffs over issues like national security. After all, it’s hard to overlook China’s enormous car market.
With its 500 million drivers, China is a coveted place for foreign automakers and suppliers. Much of Tesla’s meteoric rise has been credited to its success in China, which now accounts for more than half of its deliveries and has become a major manufac …
