Aeva Technologies shares rise 3.85% premarket after LG Innotek partnership for 4D LiDAR development.

Aeva Technologies, Inc. rose 3.85% in premarket trading, driven by the announcement of a strategic partnership with LG Innotek. The collaboration involves LG Innotek becoming Aeva's supplier for an ultra-slim, ultra-long-range 4D LiDAR and joint development of LiDAR technology for autonomous driving, robots, and industrial automation. Additionally, Aeva reported Q2 revenue of $5.5M, exceeding FactSet estimates of $3.4M, which further contributed to the positive market sentiment.