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) will host a virtual Product and Technology Day on February 1 at 1 PM ET to showcase its cutting-edge FMCW 4D LiDAR™ sensor technology. This innovative technology enables real-time measurement of both 3D position and velocity, enhancing the ability of autonomous vehicles to accurately perceive their surroundings. The event aims to present Aeva's vision for the future of autonomy and how its advancements can impact various industries.
Aeva (NYSE: AEVA) will not attend CES 2022 due to COVID-19 concerns, prioritizing health and safety. The company plans to host a virtual Product and Technology Day, focusing on its advanced FMCW 4D LiDAR technology, which measures instant velocity and 3D position. Aeva's CEO and CFO will participate in a fireside chat at the JP Morgan CES Tech/Auto Forum on January 5, discussing autonomous vehicle technology and the company's vision for the future.
Aeva (NYSE: AEVA) will showcase its next-generation 4D LiDAR technology at CES 2022, running from January 5-8 in Las Vegas. Attendees can see Aeva's advanced 4D LiDAR in action, which uniquely measures instant velocity alongside 3D range, enhancing safety for autonomous vehicles. Notably, Aeva will also present the world's first 4D LiDAR-on-chip module at its booth #6343. In collaboration with TuSimple, Aeva's technology for autonomous trucks will be on display. Exclusive demos for investors and media will highlight real-time 4D LiDAR data.
Plus, a self-driving truck technology provider, has chosen Aeva (NYSE: AEVA) to supply its 4D LiDAR for autonomous trucks. This multi-year agreement will enhance PlusDrive’s long-range perception capabilities, starting in late 2022. Aeva’s 4D LiDAR will improve safety by detecting objects and their velocities at distances over 500 meters. The partnership validates Aeva's technology for the automotive sector and supports Plus's goal of deploying over 100,000 autonomous trucks by 2025, enhancing efficiency, safety, and reducing carbon emissions.
Aeva (NYSE: AEVA) reported third quarter 2021 results, showcasing significant growth and key advancements in its 4D LiDAR technology. Revenue increased to $3.5 million, up from $1.9 million in Q3 2020, despite a GAAP operating loss widening to $27.4 million. The company secured a production win with PlusDrive for autonomous trucks and selected Fabrinet as its manufacturing partner. Aeva is on track to complete the B sample development by year-end and deliver to partners in 2022. Cash reserves stood strong at $477.7 million as of September 30, 2021.
Aeva, based in Mountain View, California, has partnered with Fabrinet to enhance its mass manufacturing capabilities for the 4D LiDAR chip module. This partnership will leverage Fabrinet's expertise in silicon photonics to produce a compact solution for automotive and industrial applications. The new production line in Thailand is expected to scale up production significantly, meeting the demand for Aeva's third generation of LiDAR technology, which is automotive qualified with IATF 16949 certification.
Aeva (NYSE: AEVA) will announce its third quarter 2021 results on November 10, 2021, post-market. The company, known for its advanced sensing technologies, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss the results. The call will be accessible via webcast at investors.aeva.ai, with an archive available for 12 months. Founded in 2017 by former Apple engineers, Aeva aims to innovate in fields like automated driving and consumer electronics.
Aeva (NYSE: AEVA), a pioneer in sensing and perception systems, announced its participation in several investor conferences. Key events include the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 9, 2021, and the Piper Sandler Global Technology Conference on September 13, 2021. Additionally, Aeva will be part of the Morgan Stanley Virtual 9th Annual Laguna Conference on September 14, 2021, and the Evercore ISI Autotech & AI Forum on September 21, 2021, at 3:30 PM ET. Founded by former Apple engineers, Aeva focuses on advanced perception technology for various industries.
Aeva (NYSE: AEVA) reported Q2 2021 results, achieving revenue of $2.6 million, up from $1.6 million in Q2 2020. The company experienced a GAAP operating loss of $24.7 million compared to $5.0 million in the same quarter last year. Aeva's collaboration with Nikon aims to enhance industrial automation using its 4D LiDAR technology. The firm is on track to complete B sample development by year-end and has expanded its team by over 100% in recent quarters. Aeva holds $502.5 million in cash and equivalents as of June 30, 2021.
Aeva (NYSE: AEVA) announced a partnership with Nikon Corporation to develop 4D LiDAR technology for industrial automation and metrology markets. The collaboration aims to leverage Aeva's unique LiDAR technology to deliver high precision solutions, enhancing functionality, accuracy, and cost efficiency. Nikon, with a revenue of approximately $600 million in this segment, targets product release by 2025, focusing on significant growth potential beyond automotive applications. The partnership seeks to accelerate the adoption of innovative industrial solutions.
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?
