#South Korea #Seoul #LG Innotek #LiDAR Technology #Aeva

LG Innotek Joins Forces with Aeva to Dominate the LiDAR Market

In a groundbreaking move, LG Innotek has announced a strategic partnership with the American LiDAR technology pioneer, Aeva, aiming to establish a strong foothold in the rapidly growing LiDAR market. This collaboration is set to revolutionize the field of autonomous driving and robotics, leveraging cutting-edge 4D LiDAR technology designed to enhance object-sensing capabilities. The deal, which was officially announced on July 29, 2025, marks a significant step for both companies as they embark on a journey to shape the future of mobility.

The Vision Behind the Partnership

The partnership centers around the joint development of next-generation LiDAR solutions targeted at various applications, including autonomous vehicles, industrial automation, and robotics. This initiative not only aims to expand existing product lines but also to innovate to meet the industry's evolving demands. The global LiDAR market is projected to experience exponential growth, expected to soar from USD 2.4 billion in 2024 to USD 15.4 billion by 2030, at an impressive annual growth rate of 36%.

By teaming up, LG Innotek and Aeva plan to lead this burgeoning market and set themselves apart from competitors by using advanced sensing technologies. This collaboration highlights a shared vision: the future of sensing technology embedded in mobility solutions.

Technological Innovations

As part of this strategic alliance, LG Innotek will be responsible for manufacturing an ultra-slim, ultra-long-range LiDAR module employing FMCW (Frequency Modulated Continuous Wave) technology. This innovative product boasts remarkable detection capabilities, able to sense objects up to 500 meters away, thus outperforming traditional time-of-flight (ToF) LiDAR systems which typically require more extensive mounting options.

The advanced FMCW technology not only measures the distance but also calculates the speed of moving objects accurately. Thanks to the module’s sleek design, it can be integrated seamlessly behind the front windshield of vehicles, offering automotive manufacturers enhanced design flexibility and reduced space requirements, which is a significant advancement in LiDAR applications.

Financial Vision and Investment

In line with their strategic objectives, LG Innotek intends to invest approximately USD 50 million into the LiDAR sector, which includes the acquisition of a 6.0% equity stake in Aeva. This financial commitment further solidifies LG Innotek's intentions to establish itself as a major player in the market while expanding their product portfolio and technical capabilities.

Soroush Salehian, CEO of Aeva, emphasized the importance of this partnership, stating, "Our joint strategic collaboration highlights the increasing recognition of FMCW technology as pivotal for sensing and perception. Together, we foresee tremendous opportunities to deploy Aeva's platforms across diverse applications where machines require a deep understanding of their environment."

Hyuksoo Moon, CEO of LG Innotek, added, "The ultimate aim of this partnership is for both LG Innotek and Aeva to evolve as key players in the next-generation LiDAR market through a long-term technological partnership that transcends mere product supply."

Roadmap Ahead

The formal details of this collaboration will be announced at the upcoming 'Aeva Day' event in New York, scheduled for July 31, 2025. Key executives, including Moon and Salehian, are expected to shed light on the partnership strategy and anticipated synergies. This event will also feature discussions on the technical collaborations intended to maximize their combined potential in addressing market needs.

With LG Innotek focusing on expanding its LiDAR product lineup, this partnership with Aeva is poised to be a pivotal movement in the transformation of mobility solutions. By innovating to deliver distinctive customer values and capturing industry advancements, both companies are not only preparing for future opportunities but are also setting their sights on reshaping the technological landscape of their respective sectors.

As we see the automotive and automation industries evolving at an unprecedented pace, the convergence of LG Innotek and Aeva signifies a crucial step towards a future where technology and innovation drive safety, efficiency, and autonomy in our daily lives.