Restructuring And Cost SavingsLuminar Technologies is making good progress on its restructuring actions and taking out costs faster than expected.
Strategic PartnershipsLAZR announced its collaboration with automaker partners, including Nissan, Mercedes, Volvo, and Polestar, to establish a unified global standard for automotive-grade LiDAR.
Technological AdvancementLuminar’s LiDAR technology is viewed as best-in-class, which positions the company well for future market share growth.