- 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.
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