2023-04-18 07:10:48 ET
Luminar Technologies ( NASDAQ: LAZR ) announced a partnership with supplier TPK to build and operate an additional high-volume factory driven by rapidly growing demand for the company's products in Asia. The announcement made at the Shanghai Auto Show follows Luminar’s April 13 announcement regarding the successful bring-up of a new high-volume factory in Mexico. The company has now established a global manufacturing footprint that spans the United States, Mexico, Thailand, and China.
TPK is noted to have a strong track record of execution for producing innovative high-performance and automotive-grade technology at scale, from manufacturing the first smartphone multi-touch display that helped enable the mobile device revolution all the way to developing the first large-format center screen in the automotive industry for consumer production vehicles.
Luminar ( LAZR ) continues to describe itself as poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for consumer cars, commercial trucks and more.
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Luminar Technologies announces deal to expand in Asia with new factory