According to the latest information, LG Innotek and LG Electronics will benefit from the joint application (application) for autonomous driving lidar patents by LG Innotek and Hyundai Mobis and the strengthening of the alliance between LG Group and Hyundai Motor Group. This is because, amidst the trend of software-driven vehicles (SDVs) and autonomous driving, Hyundai Motor Group can expect vertical integration through LG Group, which has secured parts solutions.
LG Innotek and Hyundai Mobis jointly apply for a patent
In the report 'LG-Hyundai Motors, expectations of strengthening alliance' published on the 24th, KB Securities reported on the magazine's ' LG-Hyundai Motor Group 'battlefield alliance'...LG Innotek-Hyundai Mobis joint patent application for lidar ' on the 22nd. “LG Innotek and Hyundai Mobis jointly applied for three autonomous driving LiDAR patents,” he said.
“LG Innotek, which has been researching and developing LiDAR for more than 10 years, is expected to supply and commercialize LiDAR to domestic and foreign customers starting in the second half of this year.” “He said. LG Innotek plans to mass produce a new fixed lidar product in the second half of this year. KB Securities said, “LG Innotek has already secured a total solution for autonomous driving, including lidar, radar, V2X communication module, and battlefield camera module, and with the recent full-scale operation of its new plant in Mexico, new orders from North America’s largest electric vehicle company are estimated to have increased significantly.” He said, “In the future, (LG Innotek)’s electronics business will secure mid- to long-term growth engines through cooperation with Hyundai Motor Group and expansion of overseas business.”
LG Innotek's vehicle lighting module Nexlide sales are expected to grow from 250 billion won in 2024 to 1 trillion won in 2027.
