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LG Electronics partners with Qualcomm to secure a leading position in the autonomous vehicle parts market
Establishment of a joint research institute to develop next-generation connected car solutions, such as mobile communication-based V2X
Combination of LG Electronics' connected car components and Qualcomm's automotive communication chipset technologyLG Electronics is partnering with Qualcomm, a leading company in the mobile communications semiconductor sector, to secure a leading position in the autonomous vehicle parts market.
LG Electronics and Qualcomm held a signing ceremony for a "Next-Generation Connected Car Solution Joint Development Agreement" at Magok LG Science Park on the 19th. Officials from both companies attended the signing ceremony, including LG Electronics President Ahn Seung-kwon of the CTO Division, Vice President Kim Jin-yong of the Smart Business Division, and Qualcomm Vice President Nakul Duggal, Head of Automotive Business.
On this day, the two companies established and began operating a joint research center within LG Electronics' Seocho R&D Campus in Yangjae-dong, Seoul, to develop next-generation connected car solutions and future technologies, including mobile communication-based V2X (Vehicle to Everything).
In addition, LG Electronics and Qualcomm plan to establish an additional research center with a total floor area of 1,320 square meters (㎡) within the Magok Industrial Complex by the end of next year.
The two companies plan to lead the autonomous vehicle parts market by introducing advanced connected car solutions that combine LG Electronics’ capabilities in automotive communication and connected car components with Qualcomm’s latest automotive communication chipset technologies, ranging from LTE to 5G.
In particular, the automotive 5G communication technology being jointly developed by the two companies enables ultra-high-speed wireless data communication that is about 4 to 5 times faster than LTE and can reduce communication latency to one-tenth, making it an essential technology for the development of next-generation connected cars.
Mobile communication-based V2X technology aims to establish a safer traffic environment by connecting communication between vehicles and all entities—including Vehicle-to-Vehicle (V2V), Vehicle-to-Infrastructure (V2I), and Vehicle-to-Pedestrian (V2P)—via mobile communication technology, and is an essential foundational technology for the era of autonomous driving.
For example, if mobile communication-based V2X technology is implemented, ▲vehicles Full-scale intelligent transportation services become possible, such as detecting approach and warning of collisions between vehicles (V2V technology), exchanging real-time traffic conditions and information on unexpected situations between vehicles and base stations to notify drivers of potential hazards on the route in advance (V2I technology), and enabling vehicles to recognize pedestrians' smartphones and send pedestrian approach warnings to drivers (V2P technology).
Last year, LG Electronics was selected by the 3GPP (3rd Generation Partnership Project, a global technical cooperation organization for mobile telecommunications standardization) as the lead company for developing standards for mobile communication-based V2X technology, and is leading the industry by recording the number one global market share in the telematics sector, a vehicle communication module, for five consecutive years since 2013.
LG Electronics Vice President Kim Jin-yong said, “We will showcase next-generation connected car solutions that enable major automakers to respond to the era of autonomous driving by leveraging the technological capabilities of LG Electronics, which has led the connected car parts industry, and Qualcomm, a global telecommunications semiconductor company.”
"Based on our long-standing partnership with LG Electronics, we will continue to collaborate on the development and commercialization of automotive communication technology, a solution for safe autonomous vehicles and next-generation connected cars in the 5G era," said Qualcomm Vice President Nakul Duggal.
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