Daimler Trucks and Torc Partner With Luminar to Enable Automated Trucking – Daimler Trucks Acquires Minority Stake in Luminar
Gores Metropoulos, Inc. - Unit (GMHIU)
Company Research
Source: Business Wire
STUTTGART, Germany & PALO ALTO, Calif.--(BUSINESS WIRE)--Today, Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, and the world’s largest commercial vehicle manufacturer, Daimler Truck AG announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of Daimler Trucks’ Autonomous Technology Group, with the experts at Luminar are collaboratively pursuing a common goal of bringing series-produced highly automated trucks (SAE Level 4) to roads globally. The teams will work closely together in order to enhance lidar sensing, perception, and system-level performance for Daimler trucks moving at highway speeds. To strengthen the partnership, Daimler Trucks has acquired a minority stake in Luminar.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/
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