It will use a computing chipset from Nvidia Corp and also use cameras and radar sensors in addition to Luminar's lidar unit, but can be made to work with the cameras and radars that many automakers have already included in their vehicles. The system will aim to provide automated driving, but only on highways, Luminar has said. Luminar said at the time the system also would be sold to other automakers. Luminar said in March it had struck a deal with a software unit of Volvo Cars, Zenseact, to offer a combination hardware-software system to power autonomous features for Volvo vehicles. vehicle and third-most popular globally last year with almost 92,500 sales. Russell declined to say what the deal will mean financially for Luminar or discuss potential volumes, but the XC90 is Volvo Cars' top-selling U.S. At present, more and more carmakers have recognized the technical route of LiDAR as a sensor on cars. and LiDAR company Luminar says it has reduced the cost of a LiDAR system to 1,000. Why should you have an option package for life-saving technology?" The LiDAR company Velodyne has also predicted that the future goal is to set the LiDAR price at 500. You don't have an option package for seatbelts. "You don't have an option package for airbags. A brutally tough market The share prices of lidar companies are getting very little love from investors as a shakeout of players, public and private, is coming closer. "This is kind of a watershed moment for the industry," Russell said in an interview. Those projects may be keeping Luminar’s stock price elevated compared to other startups trading in the single digits. Luminar acquires San Francisco-based Civil Maps, a 3D mapping data company that can help build out Luminar’s Sentinel autonomous driving software platform.
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