Aura versus Lightning Web Components coexistence
Key Takeaway
An Aura component can contain a Lightning web component, but a Lightning web component can't contain an Aura component.
Salesforce has two programming models for custom Lightning components: the original Aura Components model (Aura) and the newer Lightning Web Components model (LWC), which follows modern web standards. The two kinds of components can run side by side in the same app, so an org can add new Lightning web components without throwing away its existing Aura work.
Why Salesforce built LWC
Salesforce built LWC to align with web standards that did not exist when Aura was created. LWC is an implementation of the W3C Web Components standards.
Using web standards means more features run natively in the browser instead of through a JavaScript framework. Lightning web components also perform better and are easier to develop than Aura components.