Aeva shares soar after deal with European automaker

Stephen Nellis

Wed, December 3, 2025 astatine 11:32 AM CST 1 min read

By Stephen Nellis

SAN FRANCISCO, Dec 3 (Reuters) - Shares of Aeva Technologies, a Silicon Valley-based shaper of lidar units that ​help autonomous vehicles consciousness their surroundings, roseate much than 18% ‌in midday trading connected Wednesday aft the institution announced an exclusive woody to proviso ‌a European shaper of rider vehicles.

Aeva did not sanction the automaker, but analysts astatine Morgan Stanley and Canaccord Genuity past period said successful probe notes they judge the lawsuit is Mercedes-Benz.

Aeva said successful a property ⁠release the automaker volition ‌use its sensors, which tin make a 3D representation of the satellite astir a conveyance arsenic good arsenic ‍detect however accelerated objects specified arsenic pedestrians are moving, for autonomous-driving functions successful each of the automaker's combustion, electrical and hybrid vehicles extracurricular of China.

Aeva did ​not disclose a worth for the woody and said it would ‌provide much details aboriginal adjacent year. At an expert lawsuit earlier this year, Aeva executives said the concern could beryllium worthy much than $1 cardinal successful sales, though they did not springiness a clip framework for those sales.

In a merchandise connected Wednesday, Aeva said its ⁠sensors would beryllium utilized for what is ​known successful the automotive manufacture arsenic ​level 3 autonomy, wherever a conveyance tin thrust itself nether constricted conditions specified arsenic stop-and-go postulation oregon connected definite kinds ‍of highways.

“This OEM ⁠views lidar arsenic indispensable to enabling harmless level 3 automation, and their determination marks a pivotal infinitesimal arsenic the rider conveyance ⁠industry accelerates toward bringing level 3 capabilities to consumers worldwide," Aeva CEO Soroush ‌Salehian said successful a statement.

(Reporting by Stephen Nellis successful ‌San Francisco; Editing by Chris Reese)