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Stock impact report

Major European Passenger OEM Selects Aeva for Automated Vehicle Validation Program

Aeva Technologies, Inc. (AEVA) 
Company Research Source: Business Wire
Aeva’s 4D LiDAR Technology with Instant Velocity Data to be Used as “Gold Standard” to Validate Next-generation Vehicle Automation Systems MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that a major European passenger vehicle OEM, together with a simulation and validation technology leader, will use Aeva’s 4D LiDAR technology in its automated vehicle development program. Aeva’s Aeries™ II sensors will gather ground truth data, considered to be the “gold standard” in environmental modeling, to provide the OEM with accurate data to validate its next-generation vehicle automation systems. This new validation program points to the growing interest for adoption of Aeva’s FMCW technology and is in addition to Aeva’s other ongoing automotive opportunities including previously disclosed production RFQs with Global Top 10 Passenger OEMs.This press release features multimedia. View the full release here: Show less Read more
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