ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Aeva and Plus Showcase Next Generation Design for PlusDrive Highly Automated Trucking Solution with Aeries II 4D LiDAR

Class 8 Truck Equipped with PlusDrive Autonomous Technology and Aeries II 4D LiDAR to be Unveiled at CES 2023

Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, and Plus, a global provider of autonomous driving solutions, today announced the unveiling of a design for the next generation PlusDrive highly automated driving solution integrated with Aeva’s Aeries™ II 4D LiDAR™ sensor. The truck will be unveiled in Aeva’s booth at CES 2023 (#6001, LVCC – West Hall).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230103005221/en/

“Aeva’s 4D LiDAR provides Plus’s state-of-the-art long range perception with valuable instant velocity detection which will help expand the capabilities of our highly automated trucks,” said Tim Daly, Chief Architect and Co-founder of Plus. “We look forward to furthering our partnership with Aeva and demonstrating our latest vehicle design equipped with Aeries II at CES as we ramp up our global deployment of highly automated trucks.”

Aeva and Plus have been collaborating since 2019 to equip and validate Plus’s autonomous trucking solutions with Aeva’s Frequency Modulated Continuous Wave (FMCW) 4D LiDAR. Today’s announcement builds on the partnership that was announced in 2021 where Plus will use Aeva’s 4D LiDAR sensors to augment the long-range perception system in Plus’s automated driving products.

Because heavy duty trucks take much longer to stop than passenger cars, they need to detect safety-critical objects, place them in lanes, and assign an accurate velocity at very long ranges. Aeva’s high performance 4D LiDAR senses precise velocity and position for each point which helps Plus trucks sense their environment clearly at long ranges, shorten response time in safety-critical situations, and address edge cases such as objects that traditional 3D LiDAR and other sensors on the vehicle may miss.

“Today’s announcement is a milestone in our partnership which gives Plus access to the unparalleled performance of our Aeries II 4D LiDAR sensor,” said Mina Rezk, Co-founder and CTO at Aeva. “Plus is deploying safe automated commercial vehicle technology and we are pleased to work with them on the design for their next generation production vehicles.”

About Plus

Plus is a global leader in the autonomous driving revolution, with award-winning high-performance full-stack driverless technology. Named by Fast Company as one of the World’s Most Innovative Companies of 2022, Plus is the only autonomous trucking technology company with customers operating its product on the road today. Working with one of the largest fleet companies in the U.S., vehicle manufacturers and others, Plus is making trucking safer, more fuel efficient, and more sustainable. Plus has received a number of industry accolades’ industry awards and distinctions for its transformative technology and business momentum from Fast Company, Insider, Consumer Electronics, FreightWaves, AUVSI, and others. For more information, please visit www.plus.ai or follow us on LinkedIn or YouTube.

About Aeva Technologies, Inc. (NYSE: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on Twitter or LinkedIn.

Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.32
+0.00 (0.00%)
AAPL  270.04
+0.00 (0.00%)
AMD  250.05
+0.00 (0.00%)
BAC  53.54
+0.00 (0.00%)
GOOG  278.06
+0.00 (0.00%)
META  627.32
+0.00 (0.00%)
MSFT  514.33
+0.00 (0.00%)
NVDA  198.69
+0.00 (0.00%)
ORCL  248.17
+0.00 (0.00%)
TSLA  444.26
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.