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Photo: LG Innotek manufacturing plant, courtesy of LG Innotek |
[Alpha Biz= Kim Jisun] SEOUL – LG Innotek has signed a strategic partnership with U.S.-based LiDAR specialist Aeva, marking a major push to secure leadership in the rapidly growing LiDAR sector.
On July 29, LG Innotek announced it will supply next-generation ultra-slim, long-range 4D LiDAR modules to Aeva, with both companies jointly developing LiDAR solutions by 2027 for autonomous driving, robotics, and industrial applications.
The supplied modules incorporate Frequency Modulated Continuous Wave (FMCW) technology, enabling detection of both distance and velocity of moving objects. With a detection range of up to 500 meters and a size nearly half that of conventional products, the modules can even be installed discreetly behind vehicle windshields. LG Innotek noted that the modules will be integrated with Aeva’s software into a turnkey solution for automotive customers.
As part of the partnership, LG Innotek will acquire approximately 6% of Aeva’s equity, investing USD 50 million (approx. KRW 68.5 billion). This move positions LG Innotek to accelerate its LiDAR business and strengthen its competitiveness in the global market.
Industry analysts forecast the global LiDAR market to expand from KRW 3.4 trillion in 2023 to KRW 21 trillion by 2030, underscoring the strategic importance of the collaboration.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
