Three Companies Sign MOU for LTE-Based Connected Car Business, Collaboration Including Joint Service Development
LG Uplus LTE communication service provision and content service platform construction

LG Uplus announced that it has signed a business agreement with SsangYong Motor and Tech Mahindra, an IT specialized affiliate of India's Mahindra Group, to cooperate on LTE-based connected car business.

The three companies will jointly promote SsangYong Motor’s connected car business, which provides safety, security, and infotainment content services to drivers by embedding LTE communication modems in vehicles.

LG Uplus plans to build a content service platform that provides communication services serving as the foundation for connected car services, as well as various infotainment content such as real-time navigation, location-based recommendation services, streaming music services, voice recognition, home IoT integration services, smartphone mirroring, and concierge services.

SsangYong Motor will develop the vehicle's internal system, and Tech Mahindra, an IT specialist company of the Mahindra Group, will provide a telematics platform related to vehicle safety, security, and control, which will be integrated with LG Uplus's content services.

Through this business agreement, the three companies plan to cooperate based on their respective strengths, jointly develop services, and launch them within the next three years.

LG Uplus BS Division Head Vice President Kang Moon-seok said, “We will actively cooperate to showcase differentiated connected car services by providing LG Uplus’s high-quality LTE communication services and competitive content services.”

At the business agreement signing ceremony held at the LG Uplus Yongsan headquarters on the 23rd, LG Uplus BS Division Head Vice President Kang Moon-seok, SsangYong Motor Product Development Division Head Executive Director Yoon Byung-do, and Tech Mahindra Chief Operating Officer L. Ravichandran (L. Executives and employees from the relevant divisions of the three companies, including Vice President Ravichandran, attended.

Meanwhile, Tech Mahindra, an affiliate of Mahindra Group, the parent company of SsangYong Motor, is a global information and communications technology service and solution consulting firm with annual revenue of 4.5 trillion won and 107,000 IT professionals, providing services to over 800 companies worldwide.