Patcay.com – LG CEO William Cho spoke about the company’s vision to drive significant changes in various aspects of the mobility ecosystem.
With the rapid development of the automotive industry, focusing on electrification and autonomous driving or electric vehicles, LG states that it has significant opportunities to create user value in the mobility space.
Cho believes that vehicles will soon be more than just transportation tools but extensions of places to experience different user experiences.
“LG has nearly 70 years of experience in direct consumer-facing businesses,” said Cho.
“Throughout that time, we have gained rich insights into consumers worldwide and their living spaces through various findings from in-depth research and trends,” he added.
This wealth of understanding has become the company’s asset in generating various innovations in the consumer electronics industry.
“With vast knowledge and experience in this area, we are very excited to further focus on presenting our new initiatives in the field of mobility (automotive),” he said, adding.
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This understanding and expertise are behind the establishment of LG Vehicle Component Solution (VS) company. By continuing to invest, LG claims to have successfully developed its business in the field of automotive components and solutions.
According to the market research firm Strategy Analytics, it is estimated that LG contributed the largest share of the global vehicle telematics market last year, accounting for 23.3 percent.