The partnership is aimed to accelerate the introduction of series production solutions of high-resolution LiDAR for the Chinese market based on InnovizTwo

BEIJING, CHINA, and TEL AVIV, ISRAEL, April 13, 2022 - LiDAR system supplier LiangDao Intelligence and Innoviz Technologies (Nasdaq: INVZ), a leading LiDAR company, announced that they have signed a strategic partnership.

The partnership will focus on deep collaboration and exploration of the customization of Innoviz’s LiDAR solutions for OEMs in the Chinese region, the development of perception solutions, and validation and data collection to accelerate the introduction of series production solutions of high-resolution LiDAR for the Chinese market, based on InnovizTwo.

As a full-stack service provider of series-production vehicle LiDAR system, LiangDao Intelligence has been deeply engaged in the LiDAR space for many years. The company’s core technical team participated in the software series production development for the series production launch of Scala, the world's first LiDAR in Audi A8 models. In 2019, LiangDao Intelligence took part in the world's first pure solid-state LiDAR series production project.  With a deep understanding of the autonomous driving needs of Chinese and global automotive customers, LiangDao Intelligence has a leading international vision and extensive experience in series production project implementation.

A leading supplier of high-performance automotive grade LiDAR sensors, Innoviz Technologies develops LiDAR solutions with superior performance and has the capability of series production of LiDAR products for many applications. In 2018, BMW chose Innoviz’s solid-state LiDAR sensor, InnovizOne, sourced and manufactured by Magna International, as its LiDAR for series production. Innoviz Technologies unveiled the B-prototype of its new generation LiDAR, InnovizTwo, at CES 2022. InnovizTwo is intended to deliver a 30x performance improvement and a 70% cost reduction compared to the InnovizOne.

Last month, Innoviz officially launched its subsidiary in China, Innoviz Shanghai Technologies Ltd. (Chinese: 应诺维思（上海）科技贸易有限公司, which follows 3.5 years of Innoviz operations in China. The new company will continue to be headed by Ms. Rosana Su.

“We are happy to bring the most reliable and highest-resolution LiDAR to the Chinese market, paired with our new partner LiangDao Intelligence” said Omer Keilaf, CEO and co-founder of Innoviz. “We are impressed by LiangDao’s many years of experience and the distinguished projects their teams have been involved with. We appreciate their unique understanding of the automotive LiDAR market in China and look forward to jointly accelerating the introduction of mutual series production solutions of our high-resolution LiDAR for the Chinese market”.

Dr. Xueming Ju, CEO of LiangDao Intelligence, said, “Innoviz Technologies is the industry leader in high-performance LiDAR sensors and sensing solutions, and its new LiDAR products are highly competitive in terms of performance and cost.” In this cooperation, LiangDao Intelligence will leverage its Tier 1 capability as the system supplier and integrate Innoviz's strong technical strength to deliver a new generation of LiDAR system solutions to serve Chinese automotive industry customers by meeting the distinct regional requirements of autonomous driving in the Chinese market.

“The partnership between LiangDao Intelligence and Innoviz Technologies has been a long time coming, with the two companies' relationship starting back in Germany in 2018. Innoviz is not only a leader in LiDAR technology, but also a rigorous product deliverer. Innoviz shares the same values as LiangDao Intelligence, and I am looking forward to the future collaboration,” Dr. Shengguang Lei, CTO of LiangDao Intelligence said.

In the next step, both parties will work together to deepen their cooperation and exploration to build a complete LiDAR hardware assembly line and supply chain system in China to accelerate the commercialization process of high-level autonomous driving.