Innoviz Technologies and Major OEM Collaborate on New Short-Range LiDAR for L4 Autonomous Vehicles

June 26, 2024

https://www.prnewswire.com/news-releases/innoviz-technologies-and-major-oem-collaborate-on-new-short-range-lidar-for-l4-autonomous-vehicles-302183100.html

The agreement between the two companies adds short-range LiDARs into the OEM’s L4 Autonomous Driving Platform

TEL AVIV, Israel, June 26, 2024 /PRNewswire/ — Innoviz Technologies Ltd. (Nasdaq: INVZ) (the “Company” or “Innoviz”), a leading Tier-1 direct supplier of high-performance automotive-grade LiDAR sensors and perception software, today announced a collaboration with an automotive OEM to advance its L4 autonomous vehicle capabilities. This agreement adds Innoviz’s new short-range LiDARs into the OEM’s Level 4 autonomous driving platform. The Company expects the collaboration will result in a series production nomination in the coming months, pending agreement of commercial terms.

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