Stock Track | Aeva Technologies Soars 32.79% Intraday on NVIDIA Autonomous Vehicle Partnership

Stock Track01-06

Aeva Technologies Inc. (AEVA) saw its stock surge 32.79% intraday on Tuesday, driven by the announcement of a strategic partnership with NVIDIA.

The company revealed that NVIDIA has selected Aeva's Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology for integration into the NVIDIA DRIVE Hyperion autonomous vehicle reference platform. This collaboration positions Aeva as a core LiDAR supplier for global passenger and commercial vehicle manufacturers, with production programs targeted for 2028.

The partnership is a significant milestone for Aeva, validating its technology and opening substantial growth opportunities in the autonomous driving sector. NVIDIA's Hyperion platform is widely adopted by automakers, making this a key endorsement for Aeva's LiDAR solutions.

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