Innoviz Technologies Ltd. has secured a significant contract by entering into a Statement of Development Work (SoDW) agreement with a leading passenger automotive manufacturer. Under this agreement, Innoviz will develop hardware and software modifications for its InnovizTwo LiDAR system to integrate into the OEM's next-generation vehicle systems. This initiative aims to support the development of a Level 3 autonomous driving platform with a start of production $(SOP)$ planned for 2027. The collaboration underscores the industry's shift toward highly automated driving solutions and highlights Innoviz's reputation as a preferred technology partner for global OEMs. The project will see Innoviz supplying several hundred LiDAR units in the coming months, facilitating the OEM and platform provider's adherence to the project's timeline.
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