Volvo manufactures the Luminar lidar technology standard on new EV

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Volvo is integrating Luminar Technologies’ lidar system on the automaker’s next flagship electric SUV, the first large automaker to supplement the technology how standard equipment on a vehicle.

Luminar’s new Iris lidar system, which is an advanced sensor that allows vehicles to “see” them environment better, it will be standard on the SUV, the Swedish car manufacturer and start-up Luminary announced Thursday. The vehicle, a successor to Volvo current XC90, should be unveiled next year.

“Volvo Cars is and always has been a leader in safety. Now it will define the next level of car safety, “said Volvo CEO Hakan Samuelsson in a release. “Having this hardware like standard, we can continuously improve safety features over the air and introduce autonomous advanced drive systems, strengthening our leadership in safety. “

Lidar, or light detection and detection systems, in able to detect the surrounding environment e help Automobiles avoid obstacles. They use light to create high resolution images that provide a more accurate view of the world of cameras or radar alone.

There has been a lot of talk about Lidar for autonomous driving vehicles like delivery vans and trucks but not so much for consumers because of the cost. Luminary says his system, which will initially be used to enhance the vehicle’S safety, he will be alone cost companies about $ 1,000 per vehicle.

Employee on when the vehicle is launched, it could be the first with lidar like standard equipment. It is an important win for Luminar, which is gone public through a SPAC agreement in December.

“This is the first time comes standardized, but it certainly won’t be the lastLuminar founder and CEO Austin Russell told CNBC during a demonstration of the technology in Detroit.

Russell said Luminar’s technology is integrated in Volvo’s next next-generation EV platform, which could mean Volvo will offer it standard or optional on all of its next electric vehicles. A spokesperson for Volvo did not respond immediately for comment.

Volvo said it plans be fully electric car society by 2030, which would be significantly help Luminary in resizing up its lidar technology. The vehicles eventually they are expected to offer advanced guidance in hands-free highway with even some autonomous driving capabilities, the companies said.

“This is something that will really be help set the stage in inaugurating in the whole next wave of safety”Russell said.” I think he’s going to kick it off a big trend of growth across the board from that safety perspective.”

Russell said 2023 will be the “first main ramp up” of the company’s lidar technology for the automotive industry.

“In second half of this decade, we will easily have millions of vehicles out on the street with all of this, “he said.

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