Aeva selected by top global automotive OEM as Tier 1 LiDAR supplier for series production program

Aeva Technologies, Inc.

OEM chose Aeva's 4D FMCW LiDAR to replace incumbent 3D time-of-flight long-range LiDAR.
Multi-year program expected to generate revenues starting Q1 2024 with production ramp by mid-decade.
Aeva's first major production win with a top global OEM, described as one of the largest in its class.
Aeva transitions to become a direct Tier 1 supplier to automotive OEMs globally; more details expected early 2024.

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