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Aeva Reports Fourth Quarter and Full Year 2024 Results

1. Aeva partners with a Top 10 OEM for 4D LiDAR development. 2. Large scale production expected this year, boosting AEVA's growth potential.

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FAQ

Why Bullish?

The partnership with a major OEM suggests significant business growth. Historical partnerships in tech often lead to increased stock valuation, as seen with similar firms.

How important is it?

The announcement directly influences AEVA's market position and investor sentiment. Collaboration with a leading company indicates robust future revenues.

Why Long Term?

Long-term production opportunities can lead to sustained revenue growth and market expansion. Previous collaborations in the tech sector often result in elevated long-term stock performance.

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TSLANIOFGM
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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