equivalences in/of -categories
As for localization of ordinary categories, there are slightly different notions of what a localization of an (∞,1)-category is.
One definition is in terms of reflective (∞,1)-subcategories:
A localization , in this sense, of an (∞,1)-category is a functor to an -subcategory such that with any object there is a morphism connecting it to its localization
in a suitable way. This “suitable way” just says that is left adjoint to the fully faithful inclusion functor.
Since localizations are entirely determined by which morphisms in are sent to equivalences in , they can be thought of as sending to the result of “inverting” all these morphisms, a process familiar from forming the homotopy category of a homotopical category.
An (∞,1)-functor is called a localization of the (∞,1)-category if it has a right adjoint (∞,1)-functor that is full and faithful.
In other words: is a localization if it is the reflector of a reflective (∞,1)-subcategory .
This is HTT, def. 5.2.7.2.
Localizations of -categories are modeled by the notion of left Bousfield localization of model categories.
One precise statement is: localizations of (∞,1)-category of (∞,1)-presheaves are presented by the left Bousfield localizations of the global projectibe model structure on simplicial presheaves on the simplicial category incarnation of .
∞-stackification is the localization of an (∞,1)-category of (∞,1)-presheaves to the -subcategory of (∞,1)-sheaves.
This is the topic of section 5.2.7 and 5.5.4 of