The heads of four affiliates that run LG Group's automotive electronics and electrical equipment businesses met with Ola Källenius, chair of the Mercedes-Benz board of management and chief executive officer (CEO), on the 13th to discuss ways to expand collaboration on the "One LG" solution.
Top executives from LG Group and Mercedes-Benz held talks at the LG Twin Towers in Yeouido, Seoul, that day to strengthen business cooperation. The meeting was arranged to coincide with CEO Ola Källenius' visit to Korea. From LG Group, Cho Joo-wan, CEO of LG Electronics, Jeong Chul-dong, CEO of LG Display, Kim Dong-myung, CEO of LG Energy Solution, and Moon Hyuk-soo, CEO of LG Innotek, attended the meeting. Key executives from Mercedes-Benz Korea, including CEO Matthias Beitl, also joined.
At the meeting, the two companies' management discussed specifics including future mobility centered on electric vehicles and a flexible, sustainable global production network through digitalization and automation. They agreed to devise ways to strengthen the partnership to realize Mercedes-Benz's vision. The aim is to pursue collaboration based on the "One LG solution," which brings together LG Group's automotive components capabilities, to maximize synergy.
LG Electronics, LG Display, LG Energy Solution, and LG Innotek presented next-generation solutions in electric vehicle components, displays, batteries, and Autonomous Driving sensing. Based on technological capabilities spanning internal combustion engine vehicles, electric vehicles, and software-defined vehicles (SDVs), these corporations have maintained a close cooperative relationship with Mercedes-Benz.
LG Electronics and Mercedes-Benz are jointly developing core SDV transition solutions such as in-vehicle infotainment and advanced driver-assistance systems (ADAS). The OLED-based infotainment system jointly developed by the two companies is installed in the EQS, a premium electric vehicle from Mercedes-Benz.
LG Display has been supplying in-vehicle plastic (P)-OLEDs to Mercedes-Benz since 2020. A representative example is the display applied to Mercedes-Benz's next-generation infotainment system, the "MBUX Hyperscreen." P-OLEDs feature the ability to maintain excellent image quality while enabling curved designs, based on a flexible plastic substrate.
LG Energy Solution continues to cooperate with Mercedes-Benz on electric vehicle batteries. LG Innotek is reviewing collaboration in Autonomous Driving sensing, including in-vehicle camera modules, LiDAR, and radar.
CEO Ola Källenius said, "Mercedes-Benz firmly believes that strategic joint partnerships are the driving force shaping the future of next-generation vehicles," adding, "Together with LG Group, Mercedes-Benz shares a vision based on innovation, quality, and sustainability. By combining the strengths of both companies, we will build vehicles that set new standards for the global automotive industry."
Cho Joo-wan, CEO of LG Electronics, said, "We will further solidify our strategic partnership with Mercedes-Benz based on our core competitiveness in the vehicle components business, including user experience-centered value propositions, an integrated SDV solutions portfolio, and technology and reliability proven in the global market."