Volvo has become the latest car manufacturer to partner with US start - up Luminar , and will make a " significant " investment in the Californian firm , according to Henrik Green . Luminar CEO John Russell said the company 's system uses a single laser and claims to offer " 50 times greater resolution and 10 times the range " of its rivals . Using its recently launched tech fund, Volvo will make a “significant” investment in Luminar, r&d boss Henrik Green told Automotive News Europe. Volvo has agreements with Toyota Research Institute , as well as two other car manufacturers , and aims to produce 5,000 units a quarter by the end of the year . Volvo recently announced one - third of its cars would be self - driving by 2025 .
Volvo has become the latest car manufacturer to partner with US start - up Luminar , and will make a " significant " investment in the Californian firm , according to Henrik Green . Luminar CEO John Russell said the company 's system uses a single laser and claims to offer " 50 times greater resolution and 10 times the range " of its rivals . Volvo has agreements with Toyota Research Institute , as well as two other car manufacturers , and aims to produce 5,000 units a quarter by the end of the year . Volvo recently announced one - third of its cars would be self - driving by 2025 .