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LG Innotek, a subsidiary of South Korea’s LG Group, has teamed up with Aeva Technologies to manufacture 4D lidar sensing systems. The partnership will focus on producing Aeva’s Atlas Ultra 4D lidar sensor for cars, with plans to expand into consumer electronics, robotics, and industrial automation in the future. LG Innotek will invest up to $50 million in Aeva as part of the deal, securing a 6% stake in the company. Aeva’s innovative technology, which measures distance and velocity in real time, is set to revolutionize the industry.
Aeva’s co-founder and CEO, Soroush Salehian, highlighted the company’s focus on automotive applications, with LG Innotek serving as the manufacturing partner for top global car manufacturers. With a vision to miniaturize their lidar system into a single chip, Aeva aims to drive efficiency and scalability in various markets. The company has also partnered with Nikon in Japan and Sick AG in Germany, expanding its reach into smart infrastructure and transportation sectors.
Overall, Aeva’s cutting-edge technology and strategic partnerships are positioning the company for significant growth and impact across multiple industries. The future looks bright for this innovative player in the lidar sensing space.
