Gold prices hover near 6-week high amid softer dollar, Fed rate cut bets
Investing.com -- AEye Inc (NASDAQ:LIDR) stock surged 5.6% on Thursday after the software-defined lidar pioneer announced an expanded manufacturing partnership with LITEON Technology Corp (TW:2301) and secured new institutional investment.
The expanded collaboration with LITEON, a global leader in optoelectronics, will establish a dedicated manufacturing line for AEye’s Apollo lidar sensors. This new production line is designed for highly automated precision assembly and will initially support annual output of up to 60,000 Apollo units, with full production capacity expected by mid-2026.
The capital-light manufacturing strategy allows AEye to scale production without heavy fixed costs, positioning the company to meet growing demand across automotive, defense, smart infrastructure, and industrial markets. The company also received a strategic capital infusion from an unnamed institutional investor, which will help accelerate manufacturing readiness.
"LITEON’s expanded manufacturing engagement and our mutual commitment to scaling Apollo production, along with the strategic support from our investor, validate our capital-light strategy and reflect strong conviction in Apollo’s commercial potential," said Matt Fisch, CEO of AEye.
The Apollo sensor, which can detect objects up to one kilometer away while maintaining compact size and low-power performance, has positioned AEye as a contender in next-generation safety and perception systems. The expanded production capacity reflects market confidence in the product’s readiness for high-volume deployment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.