Innoviz Technologies signs SoDW pact with Top 5 automotive manufacturer

Innoviz Technologies (INVZ) announced it has signed a Statement of Development Work agreement with a Top 5 passenger automotive manufacturer. Through this SoDW, Innoviz will supply advanced LiDAR units for the OEM’s L3 highly automated series-production program with target SOP of 2027. Under the terms of this agreement, beginning in Q2 2025, Innoviz will develop hardware and software modifications for its InnovizTwo LiDAR to ensure seamless integration into the OEM’s vehicle system, facilitating a smooth ramp towards the planned data collection campaign as the companies work toward a series production agreement. Innoviz will supply several hundred InnovizTwo LiDAR units over the coming months, which will allow both the OEM and the platform provider to adhere to the project’s timeline. This integration is intended to support the OEM’s next-generation eyes-off driving system, with SOP planned for 2027.