Autonomous driving startup 42dot has received 81 billion won in its latest funding round.Shinhan Bank, Lotte Rental and Stic Ventures each put in 30 billion won, 25 billion won and 13 billion won, respectively, while the remaining funds were given by previous investors, people familiar with the matt

LG Electronics said on Wednesday that it has supplied the advanced driving assistance system (ADAS) camera module on the 2021 Mercedes-Benz C-Class.The South Korean electronic maker said its ADAS offers automatic emergency braking, lane departure warning, lane keeping assist, traffic sign recognitio

LG Electronics said on Thursday that it has acquired Israel-based cybersecurity startup Cybellum.The South Korean tech giant acquired 63.9% of the shares in the startup and plans to buy additional shares within 2021.It also signed an agreement to acquire future equity for US$20 million, in which LG

Abov Semiconductor has signed a deal to supply microcontroller unit (MCU) for smoke detection with a subsidiary of US firm Carrier.The company will also sign a contract with Beijing Cycle Columbus Environmental Science and Technology to supply the MCUs within the month, people familiar with the matt

LG Energy Solution has placed additional orders for mixing equipment used in battery production for the factory at Lordstown, Ohi, run by its joint venture Ultium Cells with General Motors, TheElec has learned.Related companies were notified of the order from LG Electronics’ Production engineering R

Elentec said on Thursday that it will supply battery packs for LG Electronics’ energy storage systems (ESS) launching next year,The company will be an original development manufacturer (ODM) for the packs used by LG’s ESS launching for the home next year.The deal is Elentec’s second ODM deal after i

LG Electronics and Magna International’s joint venture held talks with Stellantis, the world’s fourth largest automobile maker, to supply electric car components, TheElec has learned.Those at LG Magna e-Powertrain and Eujin Platform, its supplier, held talks with those at Stellantis, including an ex

US glass giant Corning has increased share of glass supply to LG Display for automotive OLED panels, TheElec has learned.Corning’s glass has grown to over 10% of those used by LG Display within a year, people familiar with the matter said.The South Korean has previously procured around 70% of the gl

DSK said on Monday that it has clinched a battery production equipment contract worth 16.5 billion won with LG Energy Solution.DSK didn’t mention what kinds of equipment it will be supplying to the South Korean battery maker but they are likely lamination kits, people familiar with the matter said.T

The labor union for the joint venture between LG Electronics and Magna International was formed even before the company was, TheElec has learned.The labor union of LG Electronics made a filing to Incheon city on July 15 notifying the them of the formation of the union.A Icheon city official said tha

LG Chem will acquire LG Electronics’ battery separator business unit.The South Korean chemical said on Thursday that it will acquire LG Electronics’ chemical and electronics materials (CEM) business for 525 billion won.The acquisition means LG Chem will now have technologies in cathode, anode, separ

LG Electronics and Magna International said on Wednesday that they have signed the agreement to form their joint venture that will supply auto-components.LG Electronics said its has sold 49% of the shares in its wholly owned subsidiary that was formed on July 1 to Magna for US$453 million.The joint

LG Electronics and Magna International’s joint venture plan is having a rocky start over the pair’s difference over strategy and equity price.LG Magna e-Powertrain was suppose to from by July 9 after LG Electronics’ approved the split of its auto-component business unit on July 1.Magna was announced

Samsung is yet to launch the 99-inch version of its MicroLED TV.This is despite the company saying earlier in the year that it will do so in the first half of the year.Samsung had also said it plans to launch 88-inch and 76-inch versions of MicroLED TV within the year.A Samsung spokesperson said thi

There will likely be a shortage of large-sized OLED panels used in TVs starting in 2024, UBI Research CEO Choong Hoon Yi said.Yi based his forecast on the production capacity for large-sized OLED panels and t here expected demand going forward.Demand for large-sized OLED panels is expected to be aro

LG Electronics said on Wednesday that it has recorded 17.11 trillion won in sales in the second quarter, its highest figure to date.Meanwhile, operating profit increased 65.5% year-on-year to 1.11 trillion won.The figure matches that of South Korean analysts’ consensus of 17.2 trillion won in sales

The increase in liquid crystal display (LCD) TV panel prices that started last year has slowed down in July this year, according to data from market research firm WitsView.LCD TV panel prices only increased up to 0.3% from the first half of July (1 to 15) from the second half of June (16 to 30).The

LG Corporation said on Friday that it will acquire a stake in Kakoa Mobility for 100 billion won.The holding company of the LG business group said it was looking for synergy between the mobility firm and its subsidiaries LG Energy Solution and LG Electronics.LG Energy Solution will secure battery tr

LG Electronics’ joint venture with Magna International has inaugurated on Thursday.The pair’s respective boards approved the split off and named the CEO and executives of LG Magna e-Powertrain.The first CEO will be Jung Won-seok, who previous was the head of of green business of LG Electronics’ vehi

LG Electronics said on Wednesday that it will start sales of its premium LCD TV brand, LG QNED Mini LED, in July.Sales of the TV model will begin in the US, then expand to Japan, Europe and South Korea, the company said.The brand includes an 8K 120Hz model, an 8K 60Hz model and a 4K 120Hz model. The