[Introduction]Luminar (Nasdaq: LAZR), the world’s leading automotive technology company, announced that it has cooperated with Ekatong Technology, a global mobility technology company, in vehicle-grade technology, aiming to help mass production of passenger cars and commercial vehicles. Trucks achieve higher levels of safety performance and autonomous driving capabilities.
The partnership will further strengthen Luminar’s presence in China, the world’s largest auto market, and accelerate the Luminar industry through the close connection between Ekatong Technology and Geely and its ecosystem of many prestigious global auto brands. Leading long-range lidar and software deployments in China and global markets. As part of this partnership, Luminar will make a strategic equity investment in Ekatong Technology.
Austin Russell, founder and CEO of Luminar, said: “Ekatong has built a strong reputation and track record in China, the world’s largest automotive market. The demand for vehicles defined by technological capabilities is growing rapidly in China, and the This partnership will allow Luminar to better expand the deployment of our technology across a variety of production vehicle platforms in this fast-growing market.”
Yikatong Technology builds the cornerstone of the vehicle high-performance computing platform with the leading SoC (system-on-chip) computing module, and supports the upper software stack with the vehicle operating system (OS) that can give full play to the performance of the computing module to provide intelligent travel experience. Through the integration of Luminar’s long-range lidar and software with Ekatong’s automotive intelligence products, automakers in China and the global market will be able to deploy advanced safety technologies and driving features on production models faster.
Shen Ziyu, co-founder, chairman and CEO of Ekatong Technology, said: “Ekatong Technology is committed to building a full-stack automotive computing platform to enable smart electric vehicles that can drive on unsupervised highways, and cooperate with users. Existing digital ecosystems merge seamlessly. The partnership with Luminar will accelerate the scale-up of both technologies.”
About Luminar
Luminar is a global automotive technology company dedicated to ushering in a new era of vehicle safety and autonomous driving. Over the past decade, Luminar has built advanced hardware and software platforms that empower more than 50 industry partners, including most global automakers. From Volvo Cars and Mercedes-Benz in passenger cars, Daimler Trucks in commercial trucks, to technology partners Nvidia and Intel’s Mobileye, Luminar aims to be the first company to bring next-generation safety and security to production vehicles. An automotive technology company with autonomous driving capabilities. Visit www.luminartech.com for more information.
About Ekatong Technology
Adhering to the development mission of “accelerating the intelligentization of automobiles and creating a new relationship between people and vehicles”, Yigatong Technology is committed to transforming automobiles into intelligent terminals that seamlessly integrate information, communication and transportation. Ekatong’s current core products include in-vehicle infotainment systems, digital smart cockpits, in-vehicle chip module solutions, core operating systems and integrated software stacks. In addition, Yigatong Technology is building a full-stack automotive computing platform. Over the past three years, Ekatong’s technology has been successfully applied to more than 3.2 million vehicles worldwide. Founded in 2017, the company now has more than 2,000 team members and branches in China and Europe. The company’s two co-founders, Chairman and CEO Shen Ziyu and Geely Holding Group founder and chairman Eric Li, are also entrepreneurs in the automotive sector. Geely is one of the world’s largest auto groups, holding ownership and investments in international brands such as Lotus, Lynk & Co, Polestar and Volvo Cars.
For more information, visit https://www.ecarxgroup.com/.
