Cyngn shares surge 10.55% intraday as customers highlight DriveMod's efficiency, seamless integration, and industrial adoption in warehouse operations.

Cyngn surged 10.55% intraday following positive customer and partner endorsements of its DriveMod autonomous platform. Multiple industrial clients and OEMs highlighted seamless integration, efficiency gains, and operational benefits, including a 77K sq ft warehouse expansion and deployments on Motrec MT-160 Tuggers and BYD Forklifts. Testimonials from executives at Coats, U.S. Continental, and G&J Pepsi emphasized reduced labor costs, increased throughput, and improved safety, reinforcing DriveMod’s value proposition. The news aligned with Cyngn’s positioning as a scalable solution for industrial autonomy, countering earlier post-earnings volatility linked to Q3 net losses. The intraday rally reflects renewed investor confidence in the platform’s market traction and long-term adoption potential.