Luminar's Lidar Dreams Collapse: Volvo's Cost-Cutting Move
Update: 2025-12-17
Description
Luminar, a lidar sensor company, once hailed as a game-changer in the automotive industry, has filed for bankruptcy after securing major deals with Volvo, Mercedes-Benz, and Polestar. Despite initial success, the companys fortunes took a turn when Volvo delayed its EX90 SUV, leading to a significant reduction in sensor orders. Other deals also fell through, leaving Volvo as Luminars primary customer. However, Volvos decision to make lidar an optional feature on the EX90 and shelve it for future vehicles dealt a final blow, reducing Luminars estimated lifetime orders by about ninety percent. The company is now seeking to sell its assets in Chapter Eleven bankruptcy.
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