Luminar, Mercedes-Benz expand deal for self-driving tech

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Luminar (LAZR) surges on expanded Mercedes deal

February 22, 2023 2:02 PM EST

Luminar Technologies, Inc. (NASDAQ: LAZR) has surged nearly 26% Wednesday after the automotive technology company announced a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automakers next-generation lineup.

After two years of close collaboration between the two companies, Mercedes-Benz now plans to integrate... More