Innoviz Technologies shares rise 10.33% intraday after Daimler Truck and Torc Robotics select company as LiDAR supplier for SAE Level 4 autonomous Class 8 semi-trucks.

Innoviz Technologies surged 10.33% in intraday trading, as the company announced that Daimler Truck and its subsidiary Torc Robotics selected it as a LiDAR supplier for series production of SAE Level 4 autonomous Class 8 tractor-trailers, supplying InnovizTwo short-range LiDAR sensors. Innoviz is a leading Tier 1 supplier of high-performance automotive-grade LiDAR sensor platforms and complementary software stacks.