Denso is the world’s second-largest automotive supplier, working closely with automakers such as Toyota Motor Corp,, which owns nearly a quarter of the company. Beyond saying the two they are targeting a mass market, Aeva and Denso did not disclose further details of the collaboration, such as what the final cost of Aeva’s technology would be to automakers.
Aeva last year announced a deal with German automotive industry supplier ZF Friedrichshafen to put its lidar sensors into production, and in 2019 took an investment from Porsche Automobil Holding, the majority-voting shareholder of Volkswagen Group.
“Achieving high performance is table stakes” for lidar sensors, Soroush Salehian, Aeva’s CEO, told Reuters in an interview. “Achieving high performance at an affordable cost is the holy grail.”
