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Aeva Reports Fourth Quarter and Full Year 2024 Results

1. Aeva partners with a top passenger OEM for 4D LiDAR development. 2. Letter of intent for large scale production expected this year.

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+34.73%Current Return
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-0.29%S&P 500
$3.1103/19 04:14 PM EDTEvent Start
$4.1903/20 10:31 PM EDTLatest Updated
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FAQ

Why Bullish?

The partnership with a top-10 OEM boosts Aeva's market credibility and potential sales, similar to how partnerships in the auto industry previously spurred companies like Luminar. Historical collaborations often lead to significant share price increases.

How important is it?

The collaboration and production opportunities suggest a positive trajectory for AEVA’s stock, aligning with industry growth trends in advanced automotive technologies.

Why Short Term?

Immediate production opportunities suggest swift revenue potential, akin to Aeva’s previous contracts which yielded quick financial returns.

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LIDRISRGTSLA
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NASDAQ: AEVA), a leader in next-generation sensing and perception systems, today announced its fourth quarter and full year 2024 results. Key Company Highlights Selected by a Global Top 10 Passenger OEM for joint development of Aeva Atlas Ultra 4D LiDAR for the OEM's global platform across multiple vehicle model lines. Secured a letter of intent from the OEM for large scale production program award opportunity expected this year, with Atlas Ultra S.

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