Luminar ecarx9/9/2023 ![]() ![]() SEE ALSO: Geely-Backed ECARX Kicks Off Strategic Cooperation With AMDĪnalysts in the industry suggest that Geely is having ECARX focus on the global market. ![]() Details will be announced in due course.” For the perceptual algorithm business, we will work with third parties in the future. We have made some adjustments to the autonomous driving department and will continue the software development business. ECARX responded, “Dismission is definitely not true. In late October, news emerged that ECARX had dismissed its entire autonomous driving division, involving hundreds of people. ![]() Lotus even said that it was working on an intelligent driving system that will one day support vehicles to drive completely autonomously in Germany. But Lotus did not use the unit as a promotional point for the new car. However, at present, most of ECARX’s customers are brands controlled or invested in by Geely.ĮCARX announced in late October that it would debut its next-generation digital head unit (DHU) on the new Lotus Eletre Hyper-SUV. Geely has high expectations for ECARX on intelligent research and development. ![]() Beyond this, ECARX is developing a full-stack automotive computing platform. Its current core products include infotainment head units (IHU), digital cockpits, vehicle chip-set solutions, a core operating system and integrated software stack. Since its inception, ECARX has benefited from its connections with and privileged access to Geely.ĮCARX is committed to transforming vehicles into seamlessly integrated information, communications, and transportation devices. The co-founders are two automotive entrepreneurs, Chairman and CEO Ziyu Shen and Eric Li, who is also the founder and chairman of Geely. The $65 million convertible note financing and the $45 million in capital raised from strategic partners including Geely Holding, Luminar and Lotus Technology, will support ECARX to satisfy the $100 million minimum cash condition for listing on the Nasdaq under ticker symbol “ECX,” by merging with COVA Acquisition Corp.ĮCARX was founded in 2017 and has since grown to around 2,000 team members. Goldman Sachs Trims Price Target on Luminar Technologies to $4.ECARX, a mobility technology company, announced on November 14 that it has entered into an agreement with SPDB International (Hong Kong) Limited and CNCB (Hong Kong) Investment Limited for $65 million of convertible senior notes due in 2025. Luminar Announces New Automated, High Volume Factory Begins Building Sensors Luminar Technologies Says Monterrey Facility in Mexico Starts Production Luminar Technologies Partners With TPK to Build, Operate Factory in Asia Jefferies Assumes Luminar Technologies at Buy With $12 Price Target announced that it expects to receive $10 million in funding from Improve Idea Investments Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023Įarnings Flash (LAZR) LUMINAR Posts Q1 Revenue $14.5M, vs. Provides Revenue Guidance for the Full Year 2023 Transcript : Luminar Technologies, Inc., Q1 2023 Earnings Call, May 09, 2023 Luminar Technologies' Q1 Loss Widens, Revenue Climbs 2023 Revenue Growth Maintained Rosenblatt Adjusts Luminar Technologies' Price Target to $6 From $8, Keeps Neutral Rating Luminar Tech CEO to acquire majority stake in Forbes - WSJ Global markets live: Vodacom, Newmont, Tesla, General Motors. Morgan’ s Global Technology, Media and Communications Conference 2023, May-22-2023 03:50 PMĬitigroup Adjusts Luminar Technologies Price Target to $18 From $19, Maintains Buy Rating Luminar and Plus Partner for LiDAR and AI-Based Assisted Driving Software for Trucking Presents at Global Auto Industry Conference, Jun-14-2023 12:50 PM ![]()
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