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InsideEVs
InsideEVs
Technology

Volvo Bet Big On A Lidar Company. Why Is It Backing Off?

  • Luminar faces potential bankruptcy as Volvo backs off its promise to make lidar standard in its flagship models.
  • Volvo blamed "limited supply of the lidar hardware."
  • Luminar has already warned investors that it may run out of cash by the end of Q1 2026.
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