I’ve spent my adult life working in and around the automotive industry. After earning a mechanical engineering degree from GMI I spent the next 17 years working on electronic control systems that help cars stop, go and change direction before I drove away to write about what other engineers were creating.
As Orlando , Florida-based Luminar Technologies embarks on its 2024 investor day, it is releasing a bunch of news. This includes the announcement of its next-generation sensor and claimed safety benefits based on testing by its reinsurance partner, Swiss Re . The most important near term news though is that volume production of the Luminar Iris lidar has begun for its first global customer, Volvo.
In 2025, Mercedes-Benz will begin launching its next-generation of electric vehicles based on its new MMA platform and they will also use an updated version of the Iris sensor. Luminar claims to have a $4 billion order book and getting these programs launched successfully will be key making the company viable.
The new sensor aims to be less than 1-inch tall and consume only 10 watts of power. This should enable both rooftop installations like the Iris as well as behind the windshield installations for an even cleaner look and less risk of damage. While prices for most lidars aren’t publicly quoted, it’s estimated that Iris costs about $1,000 which should put the Halo sensor at about $500.
Luminar Technologies Orlando Swiss Re Luminar Iris Lidar Adas Automotive Safety
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