Innoviz Partners With LiDAR Sensor Supplier LiangDao Intelligence

by Shivani Kumaresan, Benzinga Staff Writer

April 13, 2022 10:02 AM | 1 min read | Make a Comment

Innoviz Technologies Ltd 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.

Posted In: News Penny Stocks Contracts Small Cap Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.