Welcome to our dedicated page for Aeva Technologies news (Ticker: AEVA), a resource for investors and traders seeking the latest updates and insights on Aeva Technologies stock.
Aeva Technologies, Inc. (NYSE: AEVA) is pioneering the next generation of sensing and perception systems through its groundbreaking Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology. The company’s technology uniquely merges vision, depth, and motion sensors into a single product, providing superior range, resolution, and the ability to measure velocity for every pixel in any weather condition. Aeva’s proprietary 4D LiDAR-on-chip along with its software applications are poised to revolutionize applications from automated driving to consumer electronics, industrial automation, and security.
Aeva’s innovative technology has attracted significant attention and partnerships. In a landmark collaboration, Daimler Truck has selected Aeva's 4D LiDAR for its autonomous commercial vehicle program. This partnership marks Aeva’s first major automotive OEM production win and sets the stage for the integration of Aeva’s sensors into Daimler’s vehicles, facilitating SAE Level 4 autonomous capabilities. The multi-year collaboration, which includes Torc Robotics, aims for a production start by 2026 and full ramp-up by 2027.
The company operates across North America, EMEA, and Asia, deriving the majority of its revenue from North America. Financially, Aeva reported steady increases in revenue, with notable achievements in the first quarter of 2024, including a record number of sensor shipments and solid progress with multiple automotive RFQs, including a successful audit with a global top 10 passenger OEM. Additionally, the company maintains a robust cash position, supporting its continued innovation and market expansion.
Recently, Aeva has also expanded its presence in Europe by establishing an Automotive Center of Excellence (COE) in Germany to support growing momentum with automotive OEM customers. This initiative is led by industry expert Axel Gern, who brings extensive experience in advanced driver assistance systems and autonomous driving. The COE aims to intensify partnerships with automotive OEMs and accelerate the development of next-generation sensing technologies.
As Aeva continues to innovate and expand its market footprint, the company remains committed to transforming autonomy across various industries with its state-of-the-art FMCW technology. For more information, visit www.aeva.com.
Aeva (NYSE: AEVA) announced that its Aeries II 4D LiDAR sensor has been recognized as one of TIME’s Best Inventions of 2022. This accolade highlights the sensor's advanced capabilities, including instant velocity detection, long-range performance, and ultra-resolution imaging. The Aeries II utilizes cutting-edge Frequency Modulated Continuous Wave (FMCW) technology and integrates LiDAR components onto a silicon photonics chip, facilitating automated manufacturing and cost reduction. Aeva aims to transform various sectors such as automotive, industrial automation, and space exploration with its innovative technologies.
Aeva (NYSE: AEVA) reported strong growth in customer engagements with its Aeries II product, achieving a 300% production increase and progressing to the RFQ stage with multiple automotive and industrial programs. The company signed a joint development agreement with Nikon to outline milestones for a high precision product targeting production in 2024. Despite these advancements, Aeva reported a revenue drop to $1.4 million in Q3 2022 from $3.5 million in Q3 2021, alongside a GAAP operating loss of $37.8 million. The company's cash reserves stand at $350.8 million.
Aeva (NYSE: AEVA), a leader in sensing and perception technology, announced the hiring of new teams in Germany, India, and Thailand to bolster its global presence. The company appointed Clement Kong as Vice President of Asia Pacific Sales to deepen customer relationships and enhance the development of its next-generation 4D LiDAR technology. This strategic move aims to accelerate technology development, manufacturing, and sales support across the European and Asia Pacific markets.
Aeva (NYSE: AEVA) announces it will release its third quarter 2022 financial results on November 8, 2022, after market close. The company is known for its innovative sensing and perception systems, particularly in autonomous driving and robotics. A conference call and webcast will follow at 2:00 PM PT to discuss the results. Aeva aims to revolutionize autonomy with its 4D LiDAR technology, enabling devices to detect velocity and 3D position for improved decision-making.
Aeva (NYSE: AEVA) and Intempora have announced the integration of Aeva's Aeries™ 4D LiDAR™ sensors into Intempora's RTMaps platform. This collaboration aims to accelerate the development of next-generation automated driving solutions. Aeva's 4D LiDAR technology, characterized by key features like Instant Velocity Detection, Ultra Long Range Performance, and Semantic Segmentation, enhances the capabilities of automated vehicles. This integration promises improved performance for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles.
Aeva (NYSE: AEVA) announced the addition of three new members to its Board of Directors, effective November 11, 2022. The new members include Erin Polek, Stephen Zadesky, and Christopher Eberle, who bring extensive experience in finance, product scaling, and technology. Erin Polek is notable for her leadership at Qualcomm, Stephen Zadesky has a strong background from Apple, and Christopher Eberle has expertise in semiconductor investments. This diverse group aims to enhance Aeva's growth and the commercialization of its 4D LiDAR-on-chip technology.
Aeva (NYSE: AEVA) announced its Aeries™ 4D LiDAR™ sensors are now supported on the NVIDIA DRIVE Sim platform, enhancing autonomous driving safety. These sensors uniquely provide instant velocity detection alongside 3D position data, operating at ranges up to 500 meters. With Ultra Resolution™ and advanced road hazard detection, Aeva aims to improve the sensing capabilities for autonomous vehicles. The integration allows developers to better simulate and validate software, expediting the path to market for next-gen vehicles.
Aeva (NYSE: AEVA) announced its participation at the IAA Transportation conference in Hanover, Germany, scheduled from September 20-25, 2022. The company will showcase its innovative 4D LiDAR™ technology, specifically the Aeries™ II sensor, which features advanced Frequency Modulated Continuous Wave (FMCW) technology for improved sensing capabilities. This compact sensor is 75% smaller than its predecessor, offering long-range detection and high-resolution imaging. Attendees can experience live demonstrations and demo drives to witness the technology's benefits firsthand.
Aeva (NYSE: AEVA) announced that it will showcase its 4D LiDAR™ technology at the ADAS & Autonomous Vehicle Technology Expo in San Jose on September 7-8, 2022. The company plans to demonstrate its Aeries™ II sensor, which is 75% smaller than its predecessor and incorporates 4D LiDAR-on-chip technology. Aeva's innovations allow for instant velocity detection and high-resolution imaging, enhancing automotive applications like Advanced Driver Assistance Systems (ADAS). Attendees can experience live demos and drive simulations at the expo.
Aeva (NYSE: AEVA), a leader in advanced sensing technology, has announced participation in several upcoming investor events to showcase its innovative 4D LiDAR systems. Events include:
- Jefferies Summit in Chicago on August 30, 2022
- Evercore ISI Conference in New York on September 7, 2022, at 12:00 PM ET
- Morgan Stanley Conference in Dana Point, CA on September 14, 2022
- UBS Electric Mobility Virtual Conference on October 3, 2022
Investors can register through their representatives.
FAQ
What is the current stock price of Aeva Technologies (AEVA)?
What is the market cap of Aeva Technologies (AEVA)?
What technology does Aeva develop?
Who are Aeva’s key partners?
What markets does Aeva operate in?
What is Aeva’s recent significant achievement?
How does Aeva’s 4D LiDAR technology differ from traditional LiDAR?
What is the purpose of Aeva’s new Automotive Center of Excellence?
Who leads Aeva’s Automotive Center of Excellence?
What are Aeva’s plans for future growth?
How has Aeva’s financial performance been recently?
Where can I find more information about Aeva?
