The South Korean supplier said the investment will result in an additional 70 gigawatt-hours of U.S. battery production capacity but declined to say where in the U.S. it might build new battery manufacturing plants.
The biggest price hike comes on the high-performance version of the redesigned Model S sedan, which Tesla revealed less than two months ago. The Model S Plaid Plus variant will start at $151,190, up from $141,190.
Under the deal reached on Thursday, Luminar will pair technology from the Swedish automaker’s self-driving software unit with its own hardware and software to offer a self-driving system to other automakers, potentially including Volvo’s competitors, Luminar’s CEO told Reuters.
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