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Aeva Awarded Top 10 Passenger OEM Development Program for Next-Generation Global Production Vehicle Platform

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Aeva (Nasdaq: AEVA) has secured a significant development program with a global top 10 passenger OEM for their next-generation vehicle platform. The program will utilize Aeva Atlas™ Ultra 4D LiDAR sensor, with Start of Production (SOP) targeted for 2027.

The company has also received a letter of intent from the same OEM for a large-scale multi-year production program award opportunity this year, encompassing multiple vehicle models across the OEM's global platform. This achievement builds upon Aeva's existing position as a direct Tier 1 supplier to major automotive OEMs, including their ongoing production program with Daimler Truck.

The development program highlights the capabilities of Aeva's new Atlas Ultra 4D LiDAR sensor, particularly noting its slim design for seamless vehicle integration. This partnership represents a significant shift towards FMCW technology in the automotive industry, aimed at enabling highway-speed Level 3 automation.

Aeva (Nasdaq: AEVA) ha ottenuto un importante programma di sviluppo con un produttore di veicoli passeggeri tra i primi dieci a livello globale per la loro piattaforma veicolare di nuova generazione. Il programma utilizzerà il sensore Aeva Atlas™ Ultra 4D LiDAR, con l'inizio della produzione (SOP) previsto per il 2027.

L'azienda ha anche ricevuto una lettera di intenti dallo stesso OEM per un'opportunità di assegnazione di un programma di produzione su larga scala e pluriennale quest'anno, comprendente diversi modelli di veicoli sulla piattaforma globale dell'OEM. Questo risultato si basa sulla posizione esistente di Aeva come fornitore diretto di Tier 1 per importanti OEM automobilistici, inclusa la loro attuale programmazione di produzione con Daimler Truck.

Il programma di sviluppo mette in evidenza le capacità del nuovo sensore Atlas Ultra 4D LiDAR di Aeva, notando in particolare il suo design sottile per una perfetta integrazione nei veicoli. Questa partnership rappresenta un cambiamento significativo verso la tecnologia FMCW nel settore automobilistico, mirando a consentire l'automazione di livello 3 a velocità autostradali.

Aeva (Nasdaq: AEVA) ha asegurado un programa de desarrollo significativo con un fabricante de vehículos de pasajeros entre los diez principales a nivel global para su plataforma de vehículos de nueva generación. El programa utilizará el sensor Aeva Atlas™ Ultra 4D LiDAR, con el inicio de la producción (SOP) previsto para 2027.

La empresa también ha recibido una carta de intención del mismo OEM para una oportunidad de adjudicación de un programa de producción a gran escala y a varios años este año, abarcando múltiples modelos de vehículos en la plataforma global del OEM. Este logro refuerza la posición existente de Aeva como proveedor directo de Tier 1 para importantes OEM automotrices, incluida su actual programación de producción con Daimler Truck.

El programa de desarrollo resalta las capacidades del nuevo sensor Atlas Ultra 4D LiDAR de Aeva, destacando especialmente su diseño delgado para una integración sin problemas en los vehículos. Esta asociación representa un cambio significativo hacia la tecnología FMCW en la industria automotriz, con el objetivo de habilitar la automatización de nivel 3 a velocidades de autopista.

Aeva (Nasdaq: AEVA)는 차세대 차량 플랫폼을 위해 글로벌 상위 10대 승용차 OEM과 중요한 개발 프로그램을 확보했습니다. 이 프로그램은 Aeva Atlas™ Ultra 4D LiDAR 센서를 활용하며, 생산 시작(SOP)은 2027년으로 예정되어 있습니다.

회사는 또한 올해 동일한 OEM으로부터 다년간 대규모 생산 프로그램 수주 기회에 대한 의향서를 받았습니다. 이 프로그램은 OEM의 글로벌 플랫폼에 걸쳐 여러 차량 모델을 포함합니다. 이 성과는 Daimler Truck와의 현재 생산 프로그램을 포함하여 주요 자동차 OEM에 대한 Aeva의 직접 Tier 1 공급업체로서의 기존 위치를 강화합니다.

개발 프로그램은 Aeva의 새로운 Atlas Ultra 4D LiDAR 센서의 기능을 강조하며, 특히 차량 통합을 위한 슬림한 디자인을 주목합니다. 이 파트너십은 자동차 산업에서 FMCW 기술로의 중요한 전환을 나타내며, 고속도로 속도의 Level 3 자동화를 가능하게 하는 것을 목표로 합니다.

Aeva (Nasdaq: AEVA) a sécurisé un programme de développement significatif avec un constructeur automobile parmi les dix premiers mondiaux pour leur plateforme de véhicule de nouvelle génération. Le programme utilisera le capteur Aeva Atlas™ Ultra 4D LiDAR, avec un début de production (SOP) prévu pour 2027.

L'entreprise a également reçu une lettre d'intention du même OEM pour une opportunité d'attribution d'un programme de production à grande échelle et pluriannuel cette année, englobant plusieurs modèles de véhicules sur la plateforme mondiale de l'OEM. Cette réalisation renforce la position existante d'Aeva en tant que fournisseur direct de niveau 1 pour les grands OEM automobiles, y compris leur programme de production en cours avec Daimler Truck.

Le programme de développement met en avant les capacités du nouveau capteur Atlas Ultra 4D LiDAR d'Aeva, en soulignant notamment son design mince pour une intégration sans faille dans les véhicules. Ce partenariat représente un changement significatif vers la technologie FMCW dans l'industrie automobile, visant à permettre l'automatisation de niveau 3 à des vitesses d'autoroute.

Aeva (Nasdaq: AEVA) hat ein bedeutendes Entwicklungsprogramm mit einem der weltweit zehn größten Hersteller von Personenkraftwagen für deren Plattform der nächsten Generation gesichert. Das Programm wird den Aeva Atlas™ Ultra 4D LiDAR Sensor nutzen, dessen Produktionsstart (SOP) für 2027 geplant ist.

Das Unternehmen hat zudem ein Absichtsschreiben von demselben OEM für eine großangelegte, mehrjährige Produktionsprogrammausschreibung in diesem Jahr erhalten, das mehrere Fahrzeugmodelle auf der globalen Plattform des OEM umfasst. Dieser Erfolg baut auf Aeva's bestehender Position als direkter Tier-1-Zulieferer für große Automobil-OEMs auf, einschließlich des laufenden Produktionsprogramms mit Daimler Truck.

Das Entwicklungsprogramm hebt die Fähigkeiten des neuen Atlas Ultra 4D LiDAR Sensors von Aeva hervor, wobei insbesondere das schlanke Design für eine nahtlose Fahrzeugintegration betont wird. Diese Partnerschaft stellt einen bedeutenden Wandel hin zur FMCW-Technologie in der Automobilindustrie dar, mit dem Ziel, eine Automatisierung der Stufe 3 bei Autobahngeschwindigkeit zu ermöglichen.

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Development Program Uses Recently Announced Aeva Atlas Ultra 4D LiDAR; Additional Letter of Intent Received from OEM for Large-Scale Production Program Award This Year

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva® (Nasdaq: AEVA), a leader in next-generation sensing and perception systems, announced today that a global top 10 passenger OEM has awarded Aeva a development program for its next-generation global vehicle platform.

Additionally, Aeva has received a letter of intent from the OEM for a large-scale multi-year production program award opportunity this year, which includes multiple vehicle models across the OEM’s global platform. The development program focuses on Aeva’s recently announced Aeva Atlas™ Ultra 4D LiDAR sensor, with Atlas Ultra SOP targeted for 2027.

The win builds on Aeva’s momentum as a trusted direct Tier 1 supplier to other top automotive OEMs and autonomous vehicle developers globally, including Aeva’s ongoing production program with Daimler Truck, one of the world’s leading commercial vehicle manufacturers.

“This win is a key milestone in our ongoing collaboration with a top 10 passenger OEM and is a major validation of the capabilities of our new Atlas Ultra 4D LiDAR sensor with its slim design making it ideal for seamless vehicle integration,” said Soroush Salehian, Co-Founder and CEO at Aeva. “This further reinforces Aeva’s position as the leading supplier of next-generation sensing solutions for automated driving. It also represents another major automotive manufacturer moving to FMCW technology to expand its operational design domain and enable highway-speed Level 3 automation. We believe these trends are just beginning and will ultimately benefit the automotive industry and Aeva as the emerging leader in the market.”

Aeva expects to share more details regarding this major achievement during its quarterly results report today.

About Aeva Technologies, Inc. (Nasdaq: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on X or LinkedIn.

Aeva, the Aeva logo, Aeva 4D LiDAR, Aeva Atlas, Aeries, Aeva Ultra Resolution, Aeva CoreVision, and Aeva X1 are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements include, but are not limited to expectations about our product features, performance, our relationship with the global top 10 passenger OEM mentioned in this press release, and the timing of a definitive production agreement, if any, and of Atlas Ultra SOP. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva’s limited operating history and limited history of shipping significant product volumes, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products, (v) the ability to manufacture at volumes and costs needed for commercial programs, (vi) the need to conclude definitive agreements for production, (vii) that any programs into which our products may be designed will result in significant end customer sales, (viii) unforeseen project delays or product issues, such as difficulties or delays in shipping, manufacturing or installation, and (ix) other material risks and other important factors that could affect our financial results that are further described in our filings with the SEC. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

Media:

Michael Oldenburg

press@aeva.ai



Investors:

Andrew Fung

investors@aeva.ai

Source: Aeva Technologies, Inc.

FAQ

What is the timeline for Aeva Atlas Ultra 4D LiDAR production start in the new OEM program?

The Start of Production (SOP) for Aeva Atlas Ultra 4D LiDAR is targeted for 2027 in the new OEM program.

How many vehicle models will use Aeva's LiDAR technology in the new production program?

The production program will include multiple vehicle models across the OEM's global platform, though specific numbers weren't disclosed.

What level of autonomous driving will Aeva's LiDAR technology enable?

The technology aims to enable highway-speed Level 3 automation.

Which major automotive partnerships does Aeva (AEVA) currently have?

Aeva has partnerships with a top 10 passenger OEM and maintains an ongoing production program with Daimler Truck.

What are the key features of Aeva Atlas Ultra 4D LiDAR for vehicle integration?

The Atlas Ultra 4D LiDAR features a slim design specifically engineered for seamless vehicle integration.
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