Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 162

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 162
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 publicly traded equity securities are measured 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 December 31, 2024 and 2023:December 31,Investment NameSegment20242023(in millions)Publicly traded equity securities:Smart Eye AB Advanced Safety and User Experience$5 $8 Urgently, Inc.Advanced Safety and User Experience— 1 Valens Semiconductor Ltd.Signal and Power Solutions6 5 Total publicly traded equity securities11 14 Non-publicly traded investments:StradVision, Inc.Advanced Safety and User Experience106 44 MAXIEYE Automotive Technology (Ningbo) Co., Ltd.Advanced Safety and User Experience55 — Other investmentsVarious6 7 Total non-publicly traded investments167 51 Total technology investments$178 $65 In September 2024, the Company’s Advanced Safety and User Experience segment made an investment totaling approximately 399 million Chinese Yuan Renminbi (“RMB”) (approximately $57 million, using foreign currency rates on the investment date) in preferred equity of MAXIEYE Automotive Technology (Ningbo) Co., Ltd. (“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. The Company also agreed to invest an additional 171 million RMB (approximately $24 million, using December 31, 2024 foreign currency rates) in preferred equity of Maxieye, contingent on the achievement of certain technical milestones, which have not yet been met as of December 31, 2024, and the satisfaction of customary closing conditions. As of December 31, 2024, the Company’s investment in Maxieye was recorded at $55 million. Refer to Note 18. Fair Value of Financial Instruments for additional information. 

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In July 2024, the Company’s Advanced Safety and User Experience segment made an investment of approximately 33 billion Korean Won (“KRW”) (approximately $24 million, using foreign currency rates on the investment date) in convertible redeemable preferred shares of StradVision, Inc. (“StradVision”), a provider of deep learning-based camera perception