LG Electronics and Magna announced Thursday they have co-developed an integrated module for an in-vehicle infotainment system and advanced driver assistance system (ADAS).
LG Magna e-Powertrain is building its first European manufacturing facilities in Hungary as a response to the growing need for electric vehicles in the region.
The goal is to develop prototypes for autonomous driving systems, leveraging LG Electronics’ infotainment technologies and Magna’s specialty in the active safety system.
The automotive parts business of LG Electronics racked up contracts totaling 8 trillion won ($6.1 billion) during the first half of the year, the company said Tuesday.
LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, has broken ground on a $100 million electric vehicle (EV) component plant in Mexico.
LG Magna e-Powertrain, an electric vehicle (EV) parts supplier joint venture between LG Electronics and Magna International, was officially launched Thursday.
LG Corp. and related companies are being led by a new round of relatively young executives as competition intensifies and the business landscape is changing.
LG Electronics’ exit from the money-bleeding smartphone business will immediately stanch trillions of won in losses and allow reallocation of corporate funding to more profitable sectors.
LG Electronics shareholders approved the spin-off of an electric vehicle (EV) powertrain unit, part of a plan to set up a joint venture with Canadian automotive supplier Magna International.
Next week’s shareholder meetings at LG Corp. and its key affiliates are gaining more attention than usual as investors will likely vote on a number of major issues including the spin-off of multiple affiliates.
Korea JoongAng Daily Sitemap
