MERCEDES-BENZ ACQUIRES STAKE IN LIDAR MAKER LUMINAR, WILL USE ITS SENSORS FOR FUTURE AUTONOMOUS VEHICLES

Mercedes-Benz announced it will integrate Luminar’s lidar sensors into future production vehicles to enable autonomous driving capabilities. The German automaker is also taking an equity stake in the Orlando, Florida-based company, acquiring a total of 1.5 million shares. Mercedes has said its model year 2023 S-Class and EQS sedans will come with an advanced driver assistance system capable of Level 3 automation. The company declined to share a timeline for integrating the sensor into its vehicles.
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