Innoviz Technologies Soars 12.56% on LiDAR Production Milestone

Innoviz Technologies rose 12.56% in pre-market trading on July 10, 2025, marking a significant surge in its stock price.

Innoviz Technologies, a leading supplier of automotive-grade LiDAR sensors, has achieved a major milestone by shipping the first InnovizTwo LiDAR units from Fabrinet's high-volume production line. This development signifies a crucial step in the company's journey to mass-produce its InnovizTwo LiDAR technology for the autonomous vehicle industry. The collaboration with Fabrinet has ensured that all production procedures meet Innoviz's stringent quality standards, paving the way for high-volume manufacturing.

Innoviz's LiDAR and perception software are designed to "see" better than a human driver, reducing the possibility of error and meeting the automotive industry's strictest expectations for performance and safety. The company's technology has been selected by internationally recognized premium car brands for use in consumer vehicles, as well as by other commercial and industrial leaders for a wide range of applications. This strategic partnership and technological advancement are expected to drive further growth and innovation in the autonomous vehicle sector.