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LG Innotek and Aeva: A Visionary Partnership in LiDAR Technology

On July 29, 2025, LG Innotek, a prominent player in technology components, announced a strategic partnership with Aeva, a American company known for its specialized work in LiDAR (Light Detection And Ranging) technology. This collaboration is aimed primarily at revolutionizing the LiDAR market, which is expected to experience significant growth in the coming years.

The Potential of the LiDAR Market

According to industry forecasts, the global LiDAR market is projected to expand from USD 2.4 billion in 2024 to a staggering USD 15.4 billion by 2030. This growth trajectory, characterized by an average annual increment of 36%, presents a golden opportunity for companies involved in this space. Recognizing this potential, LG Innotek's association with Aeva is strategically timed to put them at the forefront of this booming market.

Innovations in LiDAR Technology

Aeva is recognized for developing the world’s first 4D LiDAR system utilizing Frequency Modulated Continuous Wave (FMCW) technology. This revolutionary system provides superior long-range object detection capabilities, crucial for applications in autonomous driving, robotics, and industrial automation. The product lineup will include a highly advanced ultra-slim 4D LiDAR module, capable of detecting objects up to 500 meters away. Unlike conventional LiDAR, this system offers enhanced design freedom for automotive applications, facilitating integration behind a vehicle's windshield.

LG Innotek's Role

As a supplier to Aeva, LG Innotek will specifically produce the ultra-slim, ultra-long-range FMCW LiDAR module, capitalizing on the advanced measurement capabilities of FMCW technology. This technology not only measures distance with high precision but also assesses the speed and direction of moving objects, marking a notable improvement over traditional time-of-flight (ToF) LiDAR systems.

Furthermore, the size reduction of LG Innotek's LiDAR module—down by 44% as compared to existing products—will facilitate easier vehicle design integration, a critical factor for automotive manufacturers. This innovative approach highlights LG Innotek's commitment to delivering customer value driven by cutting-edge technology.

Future Developments in Autonomous Driving

To bolster their relationship, LG Innotek and Aeva have entered into a Joint Development Agreement (JDA) focused on the creation of next-generation LiDAR solutions tailored for autonomous vehicles, as well as various mobility scenarios, including robo-taxis and industrial operations. LG Innotek has pledged an investment of around USD 50 million into its LiDAR business, alongside plans to acquire a 6.0% equity stake in Aeva, further solidifying this partnership.

Soroush Salehian, Aeva's CEO, emphasized the significance of this collaboration, noting, "Our joint strategic collaboration underscores the growing recognition of FMCW as the future of sensing and perception technology. Together with LG Innotek, we can maximize Aeva's perception platform across diverse applications, ensuring machines can accurately perceive their environment."

Hyuksoo Moon, CEO of LG Innotek, echoed this sentiment, highlighting their long-term vision. "The ultimate goal of our partnership is for both companies to grow together as leaders in the next-generation LiDAR market. We aim for a technological partnership that extends beyond mere product supply to create a lasting impact in the industry."

Upcoming Announcements at Aeva Day

To outline their roadmap, LG Innotek will showcase their strategic collaboration with Aeva during the upcoming 'Aeva Day' event in New York on July 31. Key executives from both companies will present insights into their partnership, technical synergies, and the transformative value of their combined technologies to over 100 stakeholders including automotive manufacturers and investors.

In conclusion, the partnership between LG Innotek and Aeva is set to redefine the standards of LiDAR technology. By leveraging their respective strengths, these companies not only aim to capture a significant market share but also contribute to the future of autonomous mobility. The innovative solutions to emerge from this collaboration will undoubtedly play a pivotal role in enhancing how machines interact with their surroundings, paving the way for safer and more efficient autonomous transportation solutions.