Cailianshe (Shanghai, editor Shi Zhengcheng) reported that on Thursday local time, lidar manufacturer Luminar issued an announcement stating that it has reached a strategic cooperation agreement with SAIC Group, which will provide SAIC's new R-brand electric vehicles with lidar sensors and corresponding software systems to empower autonomous driving and safety performance. The announcement is expected to launch a new R-brand electric vehicle jointly launched by both parties to start mass production from 2022.
(Source: Company official website)
lidar sensor is used to receive laser pulses reflected from the surface of vehicles and objects, and quickly generate 3D point maps for on-board computers to read. The combination of cameras, radar sensors and other systems allows the car to sense and avoid potential dangers while driving. At present, lidar systems and "camera + millimeter wave radar" are also the two main paths to implement autonomous driving technology.
As part of the cooperation, Luminar will set up an office in Shanghai, and SAIC Group will also provide support. Austin Russell, CEO of
Luminar, said in an interview with the media that the long-term goal of the two companies is to create a standardized system and apply it to a series of product lines of SAIC Group. Affected by this news, Luminar opened at 10.31% and then fell slightly to 6% to $29.10. As the leader in lidar in the U.S. stock market, Luminar completed a reverse acquisition and listing in December last year.
(Source: TradingView)
is similar to a number of traditional car manufacturers. Faced with the increasingly fierce local market competition among brands such as NIO, Ideal, Xiaopeng and Tesla, SAIC Group has also begun to make efforts in the field of new energy vehicles. According to the official website data, SAIC Group sold a total of 88,000 electric vehicles from January to February this year, an increase of 596.8% year-on-year. A large part of this achievement was driven by the Hongguang MINI EV, the "world's best-selling electric vehicle".
. With Luminar joining the supply chain, SAIC Group is also expected to make breakthroughs in models with higher unit prices. Luminar stated in the announcement that this cooperation is expected to establish SAIC Group's technological leadership, while also allowing Luminar's products to successfully enter the Chinese market. Austin Russell said that SAIC has grown into the largest automaker in the world's largest auto market and has no intention of slowing down its development in the fields of electric vehicles and autonomous driving. On the contrary, they are clearly leading the establishment of new technical standards in China (market) and even the entire industry. Luminar's hardware and software can realize SAIC's vision on a mass production scale.
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