Innoviz Technologies Secures LiDAR Supply Deal With Mobileye

Quick Summary:

On Wednesday, Mobileye Global Inc (NASDAQ:MBLY) announced it will leverage Innoviz Technologies Ltd’s (NASDAQ:INVZ) LiDARs for the Mobileye Drive platform, which enables mobility service providers and vehicle manufacturers to make robotaxis, ride-pooling, public transport, and goods delivery fully autonomous.

The deal was built upon mutual work between the two companies over the past few months, and production will begin in 2026.

Innoviz Technologies stock picked up after the update.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChina

Topics: Benzinga News US88160R1014 US38259P7069 TSLA UBER INVZ GOOG US0567521085 WRD US38259P5089 BZ Data Project Stories That Matter Tech MBLY GOOGL Stock Battles BIDU Briefs

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Article Type: News Report

Published On: 2024-12-11 @ 15:14:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © Benzinga

News ID: 24356255

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