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Aeva and LG Innotek form Strategic Collaboration to Bring Next-Generation Perception Platform to Market

1. Aeva partners with LG Innotek for a strategic investment of $50 million. 2. The collaboration aims at non-dilutive funding for new product development.

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FAQ

Why Very Bullish?

The $50 million investment enhances Aeva's capital resources significantly. Historically, strategic partnerships have led to stock price increases.

How important is it?

The investment provides financial backing that can enhance product development and operational stability.

Why Long Term?

This collaboration positions Aeva for future growth, similar to past strategic partnerships boosting innovation.

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LGNNFTSLAAAPL
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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