LG Innotek invests in Aeva Technologies

LG Innotek, a subsidiary of South Korea's LG Group, announced a $50 million investment in Aeva Technologies to strengthen its position in lidar technology. Aeva Technologies specializes in the manufacture of 4D lidar sensing systems for vehicles and industrial equipment. The investment will help Aeva expand its sensor production capacity and further expand into the robotics and consumer device markets.