Innoviz Technologies shares surge 11.44% premarket after Daimler Truck and Torc Robotics select its LiDAR for autonomous commercial vehicle program.

Innoviz Technologies surged 11.44% in premarket trading following the announcement that Daimler Truck and Torc Robotics selected its InnovizTwo Short-Range LiDAR sensors for series production in SAE Level 4 autonomous Class 8 semi-trucks. The partnership, revealed after prior hints of a major commercial vehicle OEM collaboration, positions Innoviz as a critical supplier for Daimler’s autonomous trucking strategy, with deployment across North American routes. The news validates Innoviz’s technology in the commercial vehicle sector and underscores its role in advancing Level 4 autonomy, aligning with the stock’s upward movement.