LG Innotek said on the 20th that it signed a memorandum of understanding (MOU) with Kakao Mobility to collaborate on developing Autonomous Driving solutions. Based on this, the two companies plan to target the physical AI sensing market.
Under this agreement, the two companies will jointly develop Autonomous Driving solutions. The aim is to produce results by combining LG Innotek's sensing technology with Kakao Mobility's Autonomous Driving data collection infrastructure and software capabilities. The Autonomous Driving solution to be developed will apply LG Innotek's high-performance sensing modules, including camera, radar (Radar), and lidar (LiDAR), optimized for Kakao Mobility's platform services, along with Kakao Mobility's software.
The two companies will also jointly conduct research and development to effectively secure real-world driving data, which is key to advancing Autonomous Driving technology. LG Innotek will receive real-world driving data from Kakao Mobility, enabling it to further enhance the performance and completeness of sensing modules such as camera, radar, and lidar.
Kakao Mobility plans to apply LG Innotek's sensing technology to its "integrated Autonomous Driving data management system," which automates the entire process from collecting to training and deploying Autonomous Driving data. An LG Innotek official said, "We will collect high-quality data through our sensing modules that apply world-class optical technology and use it to advance the system."
LG Innotek is regarded as a company that has secured all the core Autonomous Driving sensor base technologies—camera, radar, and lidar. It has set a goal of growing its mobility sensing solutions business revenue to 2 trillion won by 2030. Recently, it entered a strategic partnership to jointly develop Autonomous Driving solutions with Applied Intuition and is jointly developing a vision sensing system for humanoids with Boston Dynamics.
Ryu Geung-seon, CEO of Kakao Mobility, said, "By collaborating with LG Innotek, we will secure high-quality driving data and accelerate the acquisition and internalization of E2E (End-to-End) Autonomous Driving core technologies," adding, "We will continue to enhance the competitiveness of the domestic Autonomous Driving ecosystem through strategic partnerships that combine software and hardware."
Moon Hyuk-soo, president of LG Innotek, said, "Since the completeness of Autonomous Driving is ultimately determined by data, the collaboration with Kakao Mobility is a good opportunity to advance LG Innotek's sensing technology," adding, "We will become a top-tier player in physical AI sensing by providing customer-tailored sensing solutions not only for Autonomous Driving but also in new fields such as robots and drones."