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Innoviz Technologies Soars 11.82% on Automotive Deals
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, Jun 18, 2025 4:43 am ET1min read
Innoviz Technologies Ltd. (NASDAQ: INVZ) saw a significant rise of 11.82% in pre-market trading on June 18, 2025, driven by positive market sentiment and strategic developments.
Innoviz Technologies has secured a significant deal to supply its InnovizTwo LiDAR sensors to a leading automaker for their L3 autonomous vehicle program. This agreement, which includes development starting in Q2 2025 and production targeted for 2027, is expected to boost the company's market position and revenue streams.
Additionally,
has been awarded a contract by a top five passenger OEM, further solidifying its status as a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors. This deal is anticipated to enhance the company's technological footprint and financial performance.The company's strategic partnerships and technological advancements have garnered significant investor interest, contributing to the recent surge in its stock price. These developments underscore Innoviz Technologies' growing influence in the autonomous vehicle sector and its potential for future growth.
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