Luminar to invest in Geely-affiliated Ecarx, eyes China market

Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. It’s making a strategic investment of an undisclosed amount in Ecarx, an auto tech startup co-founded by Eric Li, founder of China’s largest private automaker Geely, Ecarx said on Thursday.
The funding will be part of the pair’s wider collaboration on automotive-grade technologies, which aims to “enable advanced safety and automated driving capabilities in the production of consumer vehicles and commercial trucks,” a plan that Lum

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