Part 7/11:
In industry turmoil, Volvo announced it would drop Luminar Technologies as a supplier of LIDAR sensors for its vehicles. The statement was notably harsh, claiming Luminar’s decision to discontinue and remove Luminar’s sensors from Volvo’s EX90 and ES90 models was a direct result of Luminar’s failure to meet contractual obligations. The aggressive tone highlights significant dissatisfaction and possibly a breach of trust.
Luminar, already under financial strain, has warned of potential bankruptcy. This development signals serious trouble for Luminar, which is heavily invested in Light Detection and Ranging (LIDAR) technology—a key component some believe is essential for autonomous driving.