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Luminar Technology Selected on New, Fully Electric Volvo ES90

1. Luminar's technology will be in the new Volvo ES90 launching this year. 2. This follows the successful delivery of the Volvo EX90, enhancing LAZR's market presence.

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Why Bullish?

Luminar's consistent partnerships with major automakers like Volvo can bolster investor confidence and market visibility, recalling similar historical impacts seen during partnerships with leading companies in the past.

How important is it?

This announcement signifies a strategic advancement in Luminar's product offerings, reinforcing its competitive position in the automotive market and potentially increasing stock demand.

Why Short Term?

The imminent production of the ES90 can yield immediate sales and market traction, reflecting quarterly financial results in the near future.

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VOLVONVIDIA
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company announced that Luminar's technology will be equipped in the new Volvo ES90, which is slated for production this year. This marks the second Volvo car model to feature Luminar's technology, following the successful launch of the automaker's flagship SUV, the Volvo EX90, which is now being delivered to customers. “We're proud to be selected in conjunction with industry leaders like NVIDIA for a.

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