Aeva shares soar after deal with European automaker

Core Viewpoint - Aeva Technologies, a Silicon Valley-based lidar manufacturer, experienced an over 18% increase in share price following the announcement of an exclusive supply agreement with a European passenger vehicle manufacturer [1] Company Summary - Aeva Technologies specializes in lidar units that enable autonomous vehicles to detect their surroundings [1] - The company has secured an exclusive deal to supply its lidar technology to a European maker of passenger vehicles, which is expected to enhance its market position [1]