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Will AEVA's $50M LG Alliance Fast-Track Multi-Sector Growth?
ZACKSยท 2025-08-11 13:41
Aeva Technologies (AEVA) recently announced a $50 million partnership with LG Innotek, a major global manufacturer. The two companies will work together to combine AEVA's special LiDAR technology with LG's massive production capabilities. The first phase of this collaboration will focus on building Aeva's cutting-edge LiDAR systems for use in passenger cars. As part of the deal, LG is investing $32 million in AEVA for around 6% stake and will help fund the expansion of production for future products. This i ...