Aeva Showcases 4D LiDAR at Auto Shanghai 2023

Rhea-AI Summary

Aeva, a leader in next-generation sensing and perception systems, showcased its innovative 4D LiDAR™ technology during Auto Shanghai 2023, held from April 18 to 27. The company demonstrated its Aeries™ II sensor, which integrates key components onto a compact silicon photonics module, enhancing manufacturing efficiency. Aeva's 4D LiDAR technology employs Frequency Modulated Continuous Wave (FMCW) technology, allowing it to detect dynamic objects at long ranges while providing superior resolution compared to conventional LiDAR systems.

Key features include road hazard detection at greater distances and 4D localization for accurate vehicle positioning without extra sensors. The demonstration aimed to attract automotive OEMs looking for advanced driver assistance systems (ADAS) and autonomous vehicle solutions.

Positive

• Showcased next-generation 4D LiDAR technology at Auto Shanghai 2023.
• Demonstrated Aeries II sensor with integrated silicon photonics for cost-efficient manufacturing.
• FMCW technology enhances object detection capabilities and resolution, outperforming traditional LiDAR.

Negative

• Aeva remains at an early stage, with a history of operational losses and no assured path to profitability.
• Dependent on partnerships with automotive OEMs for product integration, which poses a business risk.

Next Generation 4D LiDAR Technology Provides Safety-Critical Benefits for Advanced Assisted Driving and Autonomous Vehicles

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced it will demonstrate its 4D LiDAR™ technology for the automotive industry at Auto Shanghai 2023 – the 20th International Automobile Industry Exhibition from April 18 to 27. Aeva will demonstrate its Aeries™ II sensor and 4D LiDAR-on-chip technology at booth 2.2H 2BA012 in the National Exhibition and Convention Center Shanghai.

Aeva's Aeries II 4D LiDAR sensor (Photo: Business Wire)

Visitors will learn about the company’s next-generation sensing and perception technology for a range of automotive applications including Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. Aeva will be providing demo drives for select attendees to experience 4D LiDAR in real-time and on the road.

Aeva 4D LiDAR delivers breakthrough sensing and perception performance using Frequency Modulated Continuous Wave (FMCW) technology to directly detect the instant velocity of each point in addition to precise 3D position. Aeva’s FMCW technology is inherently free from interference from direct sunlight and other LiDAR sensors while also eliminating retroreflector blooming and ghosting. Using the additional dimension of velocity data, Aeva sensors provide unique advantages over conventional time of flight 3D LiDAR sensors including:

• Long Range Performance: Detect, classify and track dynamic objects such as vehicles, cyclists and pedestrians at long distances.
• Ultra Resolution™: A real-time camera-level image that provides up to 20 times the resolution of legacy time of flight LiDAR sensors.
• Road Hazard Detection: Spot small objects on the roadway with greater confidence at up to twice the distance of conventional LiDAR sensors.
• 4D Localization™: Estimate vehicle motion in real-time with six degrees of freedom for accurate positioning and navigation without the need for additional sensors, like IMU or GPS.

Aeries II is the first sensor on the market to integrate Aeva’s unique LiDAR-on-chip technology. It integrates all key sensor components including transmitters, receivers and optics onto a compact silicon photonics module. This design uses no fiber optics, resulting in a highly automated manufacturing process that allows Aeva to manufacture at scale and lower costs to meet the needs of automotive OEMs and other volume customers.

About Aeva Technologies, Inc. (NYSE: AEVA)

Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on Twitter or LinkedIn.

Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.

Forward looking statements

This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the fact that Aeva is an early stage company with a history of operating losses and may never achieve profitability, (ii) Aeva’s limited operating history, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the ability for Aeva to have its products selected for inclusion in OEM products and (v) other material risks and other important factors that could affect our financial results. Please refer to our filings with the SEC, including our most recent Form 10-Q and Form 10-K. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230418005504/en/

Media:

Michael Oldenburg

press@aeva.ai

Investors:

Andrew Fung

investors@aeva.ai

Source: Aeva Technologies, Inc.

FAQ

What is Aeva showcasing at Auto Shanghai 2023?

Aeva is demonstrating its 4D LiDAR™ technology and Aeries™ II sensor.

When is Auto Shanghai 2023 taking place?

Auto Shanghai 2023 is held from April 18 to 27.

What advantages does Aeva's 4D LiDAR technology offer?

Aeva's 4D LiDAR provides long-range performance, ultra resolution, road hazard detection, and 4D localization.

What technology does Aeva use in its sensors?

Aeva uses Frequency Modulated Continuous Wave (FMCW) technology.

What are the financial risks for Aeva?

Aeva has a history of operational losses and depends on product integration with automotive OEMs for profitability.