11/16/2023 0 Comments Polestar luminar![]() When it comes to lidar, carmakers are playing the field, so to speak. So, what’s going on in lidar? Here’s a closer look at how Nvidia’s involvement in the space might indicate great things to come for some lidar stocks moving forward. And that means the lidar industry is ripe for consolidation. Now, the question you’re probably asking is why does Nvidia’s platform need nine unique lidar sensors? Carmakers aren’t likely to choose all nice companies for commercialization. Together, the combination provides a complete package for automakers. Nvidia’s products provide the computing power for autonomous vehicles. Carmakers see lidar as a key technology to develop self-driving and advanced safety technology. Microvision’s (NASDAQ: MVIS) A-Sample lidar is also rumored to have an Nvidia chip inside - although there has been no confirmation by either company.Īs frequent InvestorPlace readers know, lidars, or light detection and ranging systems, are laser-based sensors that detect the environment around them. With this latest announcement, Nvidia now has six lidar sensor vendors - including Baraja, Hesai Technology, Innoviz (NASDAQ: INVZ), Magna (NYSE: MGA) and Ouster (NYSE: OUST) - all developing lidar sensors to run on the Drive platform. The DRIVE platform, enabled with Luminar’s technology, will be available for vehicle models starting in 2024. I ts self-driving car platform, Nvidia Drive Hyperion, has become the de facto standard for carmakers.īut NVDA stock isn’t the only name that should be on your radar if you’re looking for lidar stocks to buy.Įarlier this week, lidar darling Luminar (NASDAQ: LAZR) was the latest to make headlines by joining the Nvidia fold. With this new expanded partnership and our shared pioneering spirit, we will push the boundaries of automotive technology and design into new territories for the next generation,” says Austin Russell, Founder and CEO of Luminar.In the battle for lidar dominance, chipmaker Nvidia appears to be the tie that binds the various lidar suppliers together. “As we successfully execute together, Polestar’s conviction in Luminar and the value of our technology has continued to accelerate. We look forward to combining our R&D and product design expertise to deliver truly stunning LiDAR integration and capabilities for the Polestar brand,” comments Polestar CEO, Thomas Ingenlath. ![]() “Luminar is at the forefront of long-range LiDAR technology and this closer collaboration will allow for greater innovation in our cars to come. ![]() Coinciding with the announcement, sales of Polestar 3 including LiDAR from Luminar have been brought forward, enabling customers to place orders now, with deliveries expected in 2024. The two companies have an existing partnership via Volvo Cars for Luminar to supply the LiDAR technology for Polestar 3, Polestar’s first SUV which was launched and went on sale in initial launch markets in October 2022. The expanded partnership provides a foundation to collaborate on the industrial design and integration of Luminar’s 3D laser scanning technology which will be featured on Polestar’s future vehicles, now also including Polestar 5 – the electric 4-door GT expected to launch in 2024 based on the Polestar Precept concept car. The utilisation of LiDAR technology continues to gain momentum as the global focus on next-generation safety and autonomy increases. Polestar and Luminar are expanding their collaboration and integration of long-range LiDAR technology in future Polestar vehicles.
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