Innoviz Technologies shares surge 15.80% intraday after securing long-term supply agreement with Daimler Truck for LiDAR sensors in autonomous Cascadia trucks.

Innoviz Technologies surged 15.80% in intraday trading, driven by the company’s development of automotive-grade LiDAR sensors and software for large-scale safe autonomous driving, including the InnovizOne and InnovizTwo series. The price increase follows a long-term supply agreement with Daimler Truck North America LLC, effective September 1, 2025, to provide LiDAR sensors for its autonomous Cascadia trucks. The company partners with multiple major clients, offering solutions to automakers and robotaxi providers.