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Stock impact report

Aeva Wins Exclusive Global Production Contract from Top European Passenger OEM

Aeva Technologies, Inc. (AEVA) 
Company Research Source: Business Wire
Aeva Becomes Exclusive Tier-1 Supplier of LiDAR for the Global Top 10 OEM’s Vehicle Platform Worldwide Outside ChinaMulti-Year Production Program Extends into Mid-2030s, with Aeva’s Start of Production Targeted in 2028 MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, today announced that a Top European passenger OEM has selected Aeva as its exclusive LiDAR supplier for its global series-production vehicle platform to enable Level 3 automated driving. This award follows the successful completion of a joint development program with the global Top 10 passenger OEM and marks a significant step toward bringing Aeva Atlas™ Ultra 4D LiDAR technology into large-scale production. The multi-year program spans the next decade and is expected to support multiple vehicle models across the OEM’s global platform outside of China.This press release features multimedia. View the full release here: https://www.businesswire.com/ Show less Read more
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