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LG Innotek has forged a strategic partnership with Aeva, a U.S.-based leader in LiDAR technology, to gain a competitive edge in the rapidly growing LiDAR market. This collaboration focuses on the supply and joint development of advanced 4D LiDAR solutions, positioning both companies to lead in autonomous driving, robotics, and industrial automation.
Key Highlights
- Strategic Partnership: LG Innotek will supply Aeva with ultra-slim, ultra-long-range 4D LiDAR modules.
- Joint Development: The companies will co-develop next-generation LiDAR by 2027 for diverse mobility applications.
- Market Growth: The global LiDAR market is projected to grow from $2.4 billion in 2024 to $15.4 billion by 2030, with a 36% annual growth rate.
- Investment: LG Innotek plans to invest up to $50 million, including a 6.0% equity stake in Aeva.
- Aeva Day Event: The partnership roadmap will be unveiled on July 31, 2025, in New York.
Advanced LiDAR for Autonomous Vehicles
LG Innotek has been selected as Aeva’s supplier for an ultra-slim, ultra-long-range 4D LiDAR module capable of detecting objects up to 500 meters away. This module leverages frequency modulated continuous wave (FMCW) technology, which outperforms traditional time-of-flight (ToF) LiDAR by accurately measuring both distance and speed of moving objects. Unlike conventional LiDAR systems mounted on vehicle roofs, this compact module, 44% smaller than existing products, can be integrated behind a vehicle’s front windshield, offering automakers greater design flexibility. The module will be paired with Aeva’s software to provide comprehensive solutions to original equipment manufacturers (OEMs).
Expanding Applications Through Collaboration
The partnership extends beyond supply to include a joint development agreement (JDA) aimed at creating next-generation FMCW LiDAR by 2027. This technology will support a wide range of applications, including autonomous vehicles, robo-taxis, robots, and industrial automation. LG Innotek’s planned investment of approximately $50 million, which includes acquiring a 6.0% stake in Aeva, underscores its commitment to this collaboration. This strategic move is expected to strengthen LG Innotek’s position in the global LiDAR market, which is forecasted to experience significant growth over the next decade.
Leadership Perspectives
Aeva’s CEO, Soroush Salehian, emphasized the importance of FMCW technology, stating, “Our collaboration underscores the growing recognition of FMCW as the future of sensing and perception technology.” He highlighted the potential to apply Aeva’s perception platform across various industries. Similarly, LG Innotek’s CEO, Hyuksoo Moon, expressed the company’s ambition to become a “key player in the next-generation LiDAR market” through this long-term partnership. Moon added that LG Innotek aims to expand its LiDAR product lineup to solidify its role as a total mobility solution provider.
Aeva Day Event: Showcasing the Roadmap
On July 31, 2025, LG Innotek and Aeva will present their partnership roadmap at the Aeva Day event in New York. The event will feature key executives, including LG Innotek’s CEO Hyuksoo Moon, CTO S. David Roh, and John Min, head of the LiDAR Business Division, alongside Aeva’s co-founders, CEO Soroush Salehian and CTO Mina Rezk. Moon will deliver a keynote address, followed by a fireside chat with the CTOs to discuss the partnership’s technical and strategic goals. The event, attended by approximately 100 industry leaders and investors, will highlight the synergy between the two companies and their vision for the future of LiDAR technology.
Why FMCW Technology Matters
FMCW technology, central to this partnership, offers significant advantages over traditional ToF LiDAR. By continuously emitting laser signals, FMCW LiDAR precisely measures object distance, size, speed, and direction using the Doppler effect. It is more resistant to light interference and performs better in challenging weather conditions, making it increasingly popular among autonomous driving companies. This technology is a cornerstone of Aeva’s leadership in the LiDAR industry, with its 4D LiDAR solutions already in use by major automakers like Daimler Truck since 2022.
Positioning for Market Leadership
The collaboration between LG Innotek and Aeva is poised to capitalize on the booming LiDAR market, driven by the rising demand for autonomous vehicles and smart technologies. By combining LG Innotek’s manufacturing expertise with Aeva’s innovative FMCW technology, the partnership aims to deliver cutting-edge solutions that meet the evolving needs of the mobility sector. This strategic alliance not only enhances LG Innotek’s LiDAR portfolio but also establishes a foundation for long-term growth in a dynamic and competitive market.
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