AEVA's $50M LG Alliance: A Game-Changer for Multi-Sector Growth

AEVA Technologies has partnered with LG Innotek in a $50 million deal, combining AEVA's LiDAR technology with LG's production capabilities. The collaboration aims to scale AEVA's technology, expand into new markets, and develop a complete LiDAR system on a single chip. This positions AEVA to rapidly scale production while keeping unit costs competitive.