Luminar lines up $22 million bidder for its lidar business|BREAKING:

Luminar has reached a deal to sell its lidar business to a company called Quantum Computing Inc. for just $22 million, unless it receives better offers by a deadline of 5:00 p.m. CT on Monday. The lidar-maker, which filed for Chapter 11 bankruptcy protection in December, already announced plans to sell its semiconductor subsidiary to … Read more

China’s Hesai will double production as lidar sensor industry shakes out|BREAKING:

Chinese lidar maker Hesai announced plans on Monday to double its production capacity from 2 million units to 4 million units this year, as it looks to corner the global market for the laser-based sensors. That would be well up from the 1-million-plus unit mark that Hesai hit in 2025. Hesai’s push to grab more … Read more