Aeva announced that one of the top global automotive OEMs has selected Aeva as its Tier 1 LiDAR supplier for its series production vehicle program. To Aeva?s knowledge, the production win represents one of the large automotive series production awards in its class. The selection positions Aeva to become a trusted direct Tier 1 supplier to automotive OEMs globally.

The multi-year production program is expected to generate revenues starting in first quarter of 2024 with production ramp by mid-decade. Aeva expects to reveal more details together with the OEM regarding this major win in early 2024.