LG Electronics and AEye have entered into a strategic sales, co-development and manufacturing partnership. The companies aim to help automotive OEMs bring cutting-edge sensing and perception solutions to the ADAS and future autonomous driving markets through this partnership.
The partnership combines LG’s optics and manufacturing experience with AEye’s iDAR technology, bringing automotive grade, Level 3 Autonomous Driving solutions to OEMs for SOP in 2022.
LG is focused on delivering advanced vehicle components and by partnering with AEye, the company looks to meet automotive specifications for OEM customers and lead in the development and manufacturing of intelligent solutions that deliver industry-leading performance at lowest cost.
In addition to this development and deployment partnership, LG also recently became a major shareholder as part of its $40M Series B round of financing.
LG’s global presence and manufacturing capabilities make them a desirable partner for the joint development of advanced driver assistance systems. Their proficiency in optics manufacturing, demonstrated by their mono and stereo camera solutions, provides a strong foundation for the production of AEye’s iDAR.
AEye’s iDAR artificial perception system leads the industry in range and scan rate performance for automotive-grade LiDAR. iDAR is a new form of intelligent data collection that fuses 1550 nanometer (nm), solid-state agile LiDAR with a low-light HD camera and embedded AI to intelligently capture data at the sensor level. In November, the system detected and tracked a truck at 1,000 meters (or one kilometer) and achieved a scan rate of 100Hz, setting a new record for the industry.
By combining AEye’s core technology with LG’s expertise in manufacturing automotive components, the companies will help to accelerate OEMs’ rollout of ADAS offerings, ensuring quality at scale.
Source: Press Release