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Benzinga
Benzinga
Business
Shivani Kumaresan

Innoviz Partners With LiDAR Sensor Supplier LiangDao Intelligence

Innoviz INVZ China Innoviz Technologies Ltd Nasdaq
  • Innoviz Technologies Ltd (NASDAQ:INVZ) has signed a strategic partnership agreement with LiDAR system supplier LiangDao Intelligence.
  • The partnership aims to accelerate the introduction of series production solutions of high-resolution LiDAR for the Chinese market based on InnovizTwo.
  • The parties will work together to build a complete LiDAR hardware assembly line and supply chain system in China to accelerate the commercialization process.
  • Innoviz officially launched its subsidiary in China, Innoviz Shanghai Technologies Ltd, in March.
  • Price Action: INVZ shares are trading higher by 0.15% at $3.32 on the last check Wednesday.
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