Aeva and lg innotek form strategic collaboration to bring next-generation perception platform to market

Mountain view, calif., & seoul, south korea--(business wire)--aeva® (nasdaq: aeva), a leader in next-generation sensing and perception systems, today announced a broad strategic collaboration with lg innotek, a manufacturer of cutting-edge technology and an affiliate of the lg group. the partnership includes a strategic investment by lg innotek of up to approximately $50 million comprising the anticipated equity stake in aeva, non-dilutive investment for new product development, and capital inv.
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