Innoviz Technologies shares surge 12.26% premarket after Daimler Truck and Torc select its LiDAR for autonomous commercial vehicles.

Innoviz Technologies surged 12.26% in premarket trading after announcing 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 as part of a joint development effort, positions Innoviz as a critical supplier for Daimler Truck’s autonomous commercial vehicle program, with deployment planned for North American highway and regional routes. The collaboration underscores Innoviz’s leadership in automotive-grade LiDAR technology and validates its ability to meet stringent commercial trucking requirements, including reliability and precision under diverse conditions. This development follows prior indications of a major OEM design win, now confirmed as Daimler Truck, and reinforces the company’s strategic role in advancing autonomous freight solutions.