Innoviz wins $4 billion lidar supply contract with Volkswagen

Israeli lidar maker Innoviz announced it has won a contract to supply lidar units and related software to Volkswagen's software company Cariad, worth $4 billion over eight years starting mid-decade. Innoviz expects to supply units for between 5 million and 8 million Volkswagen Group vehicles.

“Israeli lidar maker Innoviz announced Tuesday it has won a contract to supply lidar units and related software for autonomous driving to a unit of Volkswagen, in a deal worth $4 billion in sales over eight years.”cnbc.com

• 2 sources
• cnbc.comInnoviz wins $4 billion dollar Volkswagen lidar contractJohn RosevearAug 2, 2022
• prnewswire.comInnoviz Selected by Leading Asia-based Automotive OEM to Serve as Direct LiDAR Supplier for Series Production Passenger VehiclesInnoviz TechnologiesSep 8, 2022

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