Cyngn’s shares surged on Tuesday following the announcement of its partnership with John Deere. The company’s DriveMod Tuggers will be deployed for industrial automation at Deere’s Dubuque facility. CEO Lior Tal hailed the collaboration, highlighting the validation it brings to Cyngn’s technological capabilities. The company develops and deploys scalable autonomous vehicles and data solutions that utilize artificial intelligence. Cyngn’s stock experienced heavy trading volume, surpassing its 100-day average of 10 million shares by a significant margin. The company’s shares gained 59% at the time of publication Tuesday, reaching 19 cents. This partnership serves as a testament to the growing adoption of AI-powered automation solutions in the industry.
Cyngn Selected by John Deere for Industrial Automation
