LG JOINS OPEN AUTOMOTIVE ALLIANCE, TAKES ON CONNECTED CAR COMPONENTS MARKET

LG Unveils Smart Solutions for Smarter Cars at Google I/O 2014
lgSEOUL, June 29, 2014 ― LG Electronics (LG) became the newest member of the Open Automotive Alliance (OAA), joining global automakers and technology companies including Google, General Motors, Hyundai, Honda, and NVIDIA. From 2012, the alliance has been dedicated to introducing greater connectivity into cars through the innovative application of the Android platform.

 

LG showcased its new range of audio, visual and navigation (AVN) system solutions for connected cars at Google I/O 2014, the annual developer conference held in San Francisco. LG’s advanced AVN system, which is expected to be available by 2015, enables drivers to simply connect their Android device via a single cable to vehicles featuring Google’s in-car interface platform to easily and conveniently access their smartphones’ features and functions. For example, drivers can view and control their favorite smartphone navigation apps or search their mobile phone’s contacts to make calls and send text messages through the in-car display.

 

With the global connected car market expected to reach almost 60 million units and nearly USD 100 billion by 2018[1], LG’s industry-leading mobile devices and in-car infotainment capabilities will play a key role in the future of Android Auto. LG is also a global leader in 4G LTE, the main connectivity solution for connected vehicles today and in the foreseeable future.

 

“As a top technology company with a strong mobile business, LG has a great deal to contribute to the connected car space,” said Jong-rak Lim, vice president and head of In-vehicle Infotainment Development at LG Electronics’ Vehicle Components Company. “LG will strive to strengthen its cooperation with OAA partners to bring connected vehicles to consumers sooner rather than later.”

 

About LG Electronics, Inc.

LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances, employing 86,000 people working in 119 locations around the world. With 2013 global sales of USD 53.10 billion (KRW 58.14 trillion), LG comprises five business units ― Home Entertainment, Mobile Communications, Home Appliance, Air Conditioning & Energy Solution and Vehicle Components ― and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. LG Electronics is a 2014 ENERGY STAR Partner of the Year. For more news and information on LG Electronics, please visit www.LGnewsroom.com.

 

About LG Electronics Vehicle Components Company

LG Electronics Vehicle Components Company focuses on commercializing eco-friendly automotive components and core solutions based on LG’s proprietary technologies. The business unit is expected to be a major growth engine for LG going forward. LG produces high quality in-car infotainment systems that deliver both information and entertainment on-the-go for many of the world’s biggest automobile brands. The VC Company also develops electric compressors for automotive applications, e-traction motors for individual and integrated systems such as drive units and power electronics providing a total solution to meet specific market needs. Vehicle Engineering provides engineering and consulting services in the areas of product development, production engineering and component supply.