Innoviz Technologies Progress and Financials

Automotive Feature Adoption Increases with Increasing Production Volume New Feature Cost Gen I Volume Innovation Gen II Standard Upgrade Upgrade Premium Cars INNOVIZ™ TECHNOLOGIES Volume ae Innovation Standard Upgrade Non-Premium Cars Adoption Gen III Volume Standard Low Cost Cars • Cost is the main driver for adoption in the automotive space • • Cost reduction occurs at greater production volume but mostly from innovation Every cent counts in driving increased customer adoption Technology expectations are becoming more demanding over time © Innoviz Technologies Ltd. 2021 All Rights Reserved - Proprietary & Confidential. No part of this document may be reproduced or disclosed in any manner. 20 20

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