LG Innotek to invest in Aeva for $50m.

LG Innotek, a manufacturer of advanced components, agreed to invest in Aeva, a company developing next-generation sensing and perception systems, for $50m. “The ultimate goal of this partnership is for LG Innotek and Aeva to grow together as key players leading the next-generation LiDAR market through a long-term technology partnership that goes beyond the supply of products,” Hyuksoo Moon, LG Innotek CEO.