Shares of Aeva Technologies surged over 18% after securing an exclusive deal to supply a European automaker, rumored to be Mercedes-Benz, with lidar sensors for autonomous-driving functions in their vehicles. The deal, potentially worth over $1 billion, will bring level 3 autonomy to consumers worldwide. CEO Soroush Salehian hailed the partnership as a pivotal moment for the industry.

Read more at Yahoo Finance: Aeva shares soar after deal with European automaker