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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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