LG Innotek invests up to $50 mil. in Aeva to expand sensing tech market

Components manufacturer LG Innotek will make an investment of up to $50 million in Nasdaq-listed U.S. sensing technology firm Aeva Technologies, as the two companies seek to expand perception technologies to new growth sectors. Aeva and LG Innotek said Tuesday the two companies agreed to form a broad strategic collaboration, which involves a $50 million investment comprising equity, capital investment and nondilutive investment for new product development. With the investment, LG Innotek will secure approximately a 6 percent stake in Aeva. Also under the collaboration, the two sides will co-develop advanced sensing and perception solutions and bring them to new markets including consumer devices, robotics and industrial automation. Aeva is gaining global recognition in the autonomous driving market for being the first in the world to develop frequency-modulated continuous wave (FMCW)-based 4D light detection and ranging (LiDAR), which excels in long-range object sensing. Since 2022, the company has been mass-producing its 4D LiDAR and currently has major automakers, including Daimler TrWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times