Tier 1 supplier of high-performance solid-state LiDAR sensors and perception software.
“Our third quarter results are bolstered by our continued strategic execution and our rapidly growing list of non-automotive customers, as well as strengthening our position as a Tier 1 supplier to the world’s leading automakers. “We are confident that we can maintain our leadership position in the industry while continuing to deliver products to our customers,” said Innoviz.
The selection marks Innoviz’s first win in Asia, its fourth major design win, and Tier 1 win for mass-produced passenger vehicles as a direct LiDAR supplier to him, and the company’s strategy to become a direct supplier.
As previously announced on September 8, 2022, the Asia-based emerging global leader in electric vehicles has selected Innoviz as his direct LiDAR supplier for mass-produced passenger vehicles. Innoviz plans to supply the emerging EV leader with the InnovizTwo LiDAR sensor for its production vehicles, further strengthening the company’s leadership in L3 automation worldwide.
We expect this new order, coupled with the start of two of his existing production next year, to further support our ability to grow revenue significantly over the next few years.
Geographically, the acquisition of the design will expand his Innoviz global reach and manufacturing footprint in Asia, and is a significant step in the company’s efforts to expand its platform. We believe this will also strengthen his Innoviz position against other Asian OEMs currently in the company’s pipeline. The deal also marks the company’s first manufacturing contract with a new technology partner.
With two of the top three industry partners for autonomous driving technology platforms and a win in manufacturing today, Innoviz is becoming an increasingly standard solution for OEMs, leaving competitors behind in future customer decisions. provides a significant advantage over