Company: APTV
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001521332-25-000027
Chunk: 60

Company: Aptiv PLC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 60
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 at fair value based on quoted prices for identical assets on active market exchanges.The following is a summary of technology investments, which are classified within other long-term assets in the consolidated balance sheets, as of March 31, 2025 and December 31, 2024:Investment NameSegmentMarch 31, 2025December 31, 2024(in millions)Publicly traded equity securities:Smart Eye ABAdvanced Safety and User Experience$4 $5 Valens Semiconductor Ltd.Engineered Components Groups5 6 Total publicly traded equity securities9 11 Non-publicly traded investments:StradVision, Inc.Advanced Safety and User Experience117 106 MAXIEYE Automotive Technology (Ningbo) Co., LtdAdvanced Safety and User Experience55 55 Other investmentsVarious8 6 Total non-publicly traded investments180 167 Total technology investments$189 $178 In February 2025, the Company’s Advanced Safety and User Experience segment made an investment of approximately 16 billion Korean Won (“KRW”) (approximately $11 million, using foreign currency rates on the investment date) in convertible redeemable preferred shares of StradVision, a provider of deep learning-based camera perception software for automotive applications. The Company previously made KRW-denominated investments in StradVision totaling approximately $108 million in prior years (using foreign currency rates on the date of the respective investments). Due to the Company’s redemption rights, the Company’s investment in StradVision is classified as an available-for-sale debt security within other long-term assets in the consolidated balance sheets, with changes in fair value recorded in other comprehensive income. As of March 31, 2025, the Company’s investment in StradVision was recorded at $117 million. Refer to Note 15. Fair Value of Financial Instruments for additional information. Subsequently, in April 2025, Aptiv made an additional investment totaling approximately $29 million in convertible redeemable preferred shares of StradVision.In September 2024, the Company’s Advanced Safety and User Experience segment made an investment totaling approximately 399 million RMB (approximately $57 million, using foreign currency rates on the investment date) in preferred equity of Maxieye, a provider of advanced driver-assistance systems and autonomous driving applications. Due to the Company’s redemption rights, the Company’s investment in Maxieye is classified as an available-for-sale debt security within other long-term assets in the consolidated balance sheets, with changes in fair value recorded in other comprehensive income