Software-defined lidar provider AEye, Inc. (NASDAQ: LIDR) announced a major expansion of its Apollo sensor manufacturing capacity to 60,000 units annually, supported by a strategic capital infusion from a globally recognized institutional investor and an expanded manufacturing engagement with LITEON Technology Corp. (TWSE: 2301).
The expansion is part of AEye’s growth strategy to scale production rapidly while maintaining operational efficiency and financial discipline under its capital-light model. LITEON, a global leader in optoelectronics and power management, is establishing a dedicated production line for Apollo units, leveraging its manufacturing expertise and resources to meet high-volume demand. The line is designed for highly automated precision assembly and automotive-grade quality standards, with full capacity expected by mid-2026.
“These developments mark a defining moment for AEye,” said Matt Fisch, CEO of AEye. “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. Together, we’re ensuring that AEye can deliver at scale, with the quality, reliability, and cost structure demanded by global automotive and infrastructure customers.”
The partnership positions AEye to meet near-term demand across automotive, defense, smart infrastructure, and industrial markets. Apollo’s ability to detect objects up to one kilometer away while maintaining compact size and low-power performance has established it as a front-runner for next-generation safety and perception systems.
The institutional capital is expected to accelerate manufacturing readiness and delivery of Apollo units to customers worldwide. Analysts say the combined approach — leveraging strategic partnerships rather than heavy fixed capital investment — reinforces investor confidence in AEye’s asset-efficient model and its ability to scale production without compromising quality or cost discipline.
