Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
LG Electronics is intensifying its foray into the automotive market by enhancing its capabilities in car security platforms. The company plans to expand its market presence by strengthening global marketing and incorporating security technologies into its infotainment systems and telematics componen
Samsung Electronics’ subsidiary Harman is set to acquire the American company “Roon,” known among music enthusiasts as “the world’s best music streaming platform.” The industry expects significant synergy from the collaboration between Harman, known for its hardware prowess in sound equipment, and R
At IAA Mobility 2023 Hyundai Mobis (KRX: 012330) has announced its European market expansion strategy ‘MOBIS MOBILITY MOVE 2.0’ which showcased its commitment to electric mobility. Hyundai Mobis is confident it can rapidly expand in Europe where electric vehicle technology is already making an impac
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
Amidst the ongoing slump in the semiconductor industry, Samsung Electronics and LG Electronics are expanding their overseas automotive electronics markets by selecting the automotive electronics business as their new growth driver.According to foreign media outlets and industry sources on April 12,
Doosan Bobcat announced that it will participate in ConExpo 2023, which kicks off on April 14 (local time) in Las Vegas, the United States.ConExpo, one of the world’s three largest construction equipment exhibitions, is held in the United States every three years. This year, the event will run at th
LG Electronics will make Vietnam a research and development (R&D) base for the VS Business Division for the automotive electronics business. To this end, it plans to strengthen its R&D capabilities by turning the R&D center of a local production corporation to an independent corporation. The Vietnam
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. TP raised 23% to KRW160,000 We maintain BUY on LGE and raise our 12m target price by 23% to KRW160,000 (1.2x 12m fwd P/B). LGE, which ranks third in the world in terms of communication technology patents held,
LG Energy Solution (LGES) have signed a multi-year contract with Freudenberg e-Power Systems in Germany for the supply of lithium-ion battery cell modules.With a total capacity of 19 GWh, Freudenberg is expanding its capacities to meet rising demand and ensure the best possible supply for its custom
LG Electronics and Magna International announced on Jan. 4 that they would co-develop next-generation self-driving solutions together.LG Electronics is a global leader in the in-vehicle infotainment industry including telematics. According to market research firms, LG Electronics’ share in the globa
Major LG Group affiliates such as LG Electronics, LG Innotek, and LG Energy Solution are generating operating profits in new business domains such as automotive electronics and batteries.LG Electronics' Vehicle Component Solutions (VS) Division is considering raising its sales target for 2023 by
Boeing CEO Dave Calhoun and Samsung Electronics chairman Lee Jae-yong have recently met in Seoul. The content of the meeting is yet to be made public.The two companies have maintained their partnership since 2012. According to experts, the two CEOs are likely to have discussed cooperation in the fie
Samsung Electronics and LG Electronics both achieved record-high quarterly earnings in the automotive electronics business in the third quarter. As the global auto market showed signs of recovery, the performance of electronics manufacturers also improved.Harman International Industries, a U.S. audi
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. TYM’s tractor sales are growing explosively in North America. In line, the firm is expected to secure an 8% share of the US market in 2022. Once construction of its production facility in Georgia
LG Electronics plans to launch an automotive electronics talent nurturing program next year, starting with Hanyang University and Kookmin University. It aims to enhance its competitiveness by expanding the domestic automotive electronics industry ecosystem.The company is expanding investment in auto
LG Electronics' automotive electronics business is growing fast. It posted eight trillion won in order intake in the first half of this year.LG Electronics announced on July 5 that its VS Business Division has recently won orders for in-vehicle infotainment systems from a global automaker that o
LG Electronics has emerged as the No. 1 player in the global telematics control unit (TCU) market. TCUs are a key component that implements vehicular communications for connected cars.According to market research firm Counterpoint Research, LG Electronics accounted for 35.2 percent of the TCU market
Samsung Electronics announced on Nov. 30 that it has introduced three of its latest automotive chip solutions: the Exynos Auto T5123 for 5G connectivity, the Exynos Auto V7 for comprehensive in-vehicle infotainment (IVI) systems, and the ASIL-B certified S2VPS01 power management IC (PMIC) for the Au
LG Electronics will participate in a capital increase for its automotive electronics subsidiary in Nanjing, China. The capital increase aims to finance the expansion of production lines of components for electric vehicle powertrains. The company’s move is a preemptive response in preparation for an