Top executives of LG’s major affiliates visited the headquarters of Mercedes-Benz in Germany. A lot of attention is being paid to whether or not the visit will lead to further cooperation between LG and Mercedes-Benz in the automotive electronics business.
Top executives of LG’s major affiliates in the automotive electronics business including LG Electronics Vice Chairman Kwon Bong-seok, LG Electronics President Cho Ju-wan, LG Display President Chung Cheol-dong, LG Energy Solution President Kim Dong-myung, and LG Innotek Vice President Moon Hyuk-soo visited Mercedes-Benz headquarters in Stuttgart, Germany, on March 11-12, according to industry sources on March 14.
Mercedes-Benz Group Chairman Ola Källenius and Chief Technology Officer Markus Schäfer welcomed the LG executives at the headquarters.
“This week, a team from LG Group visited Sindelfingen,” Källenius said on his social media account, “We discussed how we can drive innovative technologies in the automotive industry.” Sindelfingen is home to Mercedes-Benz’s smart factory named “Factory 56.”
LG and Mercedes-Benz have been cooperating for more than 20 years in the fields of automotive electronics, including displays for cars. LG Electronics has been supplying in-vehicle infotainment systems and automotive lighting to Mercedes-Benz while LG Display automotive P-OLED displays for the German carmaker’s premium lineup of electric vehicles including the EQS and the EQE since starting with the S-Class in 2020.
Generally, automakers engage in long-term cooperation for three to four years before launching a new model. This meeting raises an observation that the cooperation will be expanded to the development of future vehicles.