Aeva strikes lidar chip-making deal with LG subsidiary
LG Innotek, the components and materials subsidiary of South Korea’s LG Group, has struck a manufacturing partnership with Aeva Technologies, which makes 4D LiDAR sensing systems. The partnership will see LG Innotek manufacturing and supplying Aeva’s Atlas Ultra 4D LiDAR sensor for automobiles, and eventually expanding the technology for use in consumer electronics, robotics and industrial automation. As part of the deal, LG Innotek will invest up to $50 million in Aeva, acquiring an equity sta