LG Magna E-Powertrain Celebrates Groundbreaking of New Facility in Mexico
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By News Reporter
LG and Magna to Develop Next Generation Autonomous Driving-Infotainment Solution Proof of Concept
SEOUL, Jan. 4, 2023 — LG Electronics (LG) announced a technical collaboration with Magna, a global mobility technology company and one of the largest suppliers in the automotive space. The two companies have signed an agreement to develop a proof of concept for an automated driving-infotainment solution, aimed at providing differentiated customer experiences and enabling readiness for the future of mobility.
Under the agreement, LG and Magna will explore the technical feasibility of integrating LG’s infotainment capabilities with Magna’s Advanced Driver Assistance System (ADAS) and automated driving technologies.
LG Vehicle component Solutions (VS) Company is recognized as a leader of In-Vehicle Infotainment (IVI) capabilities in the automobile industry. In anticipation for the car of the future, LG VS Company has been proactively exploring its portfolio of future products and technologies.
This concept will focus on creating executable IVI-ADAS solutions to better meet carmakers’ vehicle programs. Both LG and Magna plan to introduce this concept to global automakers during CES 2023.
“We are excited to work with Magna, now in the automated driving sector, to develop a proof of concept that could bring value expanding beyond our cockpit domain,” said Eun Seok-hyun, president of LG VS Company. “We plan to work closely together to demonstrate potential ADAS innovations that could help automakers address some of their toughest challenges.”
This collaboration follows a successful joint venture LG and Magna announced in July 2021 called LG Magna e-Powertrain Co., Ltd, to manufacture e-motor, inverters and on board chargers as well as related e-drive systems to support the growing global shift toward vehicle for certain automakers.
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By News Reporter
New Company to Fuse Magna’s and LG’s Electric Powertrain
Strengths to Accelerate E-Drive Component Development
SEOUL, South Korea and AURORA, Ontario, Canada, July 28, 2021 – LG Electronics (LG) and Magna International Inc. (Magna) today signed the transaction agreement which establishes a joint venture between the two companies. The new company, to be called LG Magna e-Powertrain, is headquartered in Incheon, South Korea and will be led by a strong management team.
Leading the new company will be CEO
link hidden, please login to view, a 20-year LG veteran who was most recently vice president and head of the LG Vehicle component Solutions Company’s Green Business. Prior to LG, Cheong spent nearly a decade with Daewoo Motors R&D. , who has been with Magna since 2016, will be the new company’s COO. He will be responsible for overseeing the day-to-day operations of the joint venture. Perez brings nearly a quarter century of automotive manufacturing and quality control experience to LG Magna e-Powertrain, 18 of those years based in Asia.
The creation of the joint venture unifies Magna’s strength in electric powertrain systems and world-class automotive manufacturing with LG’s expertise in component development for e-motors and inverters. Announcing LG Magna e-Powertrain’s executive team marks a key milestone for the joint venture company, which will manufacture e-motors, inverters and on-board chargers and, for certain automakers, related e-drive systems.
The design, engineering and manufacturing synergies created by LG Magna e-Powertrain is expected to enable both companies to quickly react to market trends and capitalize on the growing global shift toward vehicle electrification. The new company will develop powertrain components that offer automakers a scalable portfolio, from complete solutions enabling electrification and functionality to integrating intelligent operating software and controls in new e-drive systems.
“Partnering with Magna enables LG to scale up its global production, provide additional business opportunities and offer synergies in procurement and technological innovation,” said CEO Cheong. “The integrated and collaborative approach is expected to deliver quickly for customers and capitalize on the rapid growth of the worldwide electric powertrain market.”
“The market for e-motors, inverters and electric drive systems is expected to have significant growth between now and 2030. Our joint venture company brings together experts from Magna and LG to deliver a world-class portfolio of electric solutions,” said COO Perez. “Leveraging existing technologies, engineering capabilities and global footprints, LG Magna e-Powertrain seeks to enable advancements that help automakers achieve some of the biggest challenges ahead in electrifying their full vehicle lineups.”
LG Magna e-Powertrain will be made up of more than 1,000 employees in the United States, South Korea and China.
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By News Reporter
New Yorkers and Londoners in Times Square and Piccadilly Circus are being treated to an immersive 3D art experience displayed on LG’s massive, high-definition digital billboards in the two international cities. The 75-second video showcase is a stunning 3D work of art that celebrates the relationship between art and technology, the connection that lies at the heart of LG SIGNATURE’s core philosophy, Art Inspires Technology, Technology Completes Art.
Titled Art Revolution, the exclusive artwork by
link hidden, please login to view represents the ongoing evolution of LG SIGNATURE products and the seamless convergence of advanced technology and striking design that has come to define the premium brand. Designed to captivate all passersby, the electronic billboards fill up with animated, three-dimensional bubbles that flow playfully through LG SIGNATURE’s premium products before escaping the constraints of the gigantic screens and floating weightlessly into the sky.
The innovative artwork draws inspiration from each of the brand’s distinctive products, expressing their unique advantages through dynamic, abstract images. For example, the animation for LG SIGNATURE Refrigerator symbolizes the product’s connection to fresh foods and the art for LG Washing Machine focuses on clothing and fabric care. Plump grapes illustrate the function of the Wine Cellar while LG’s brilliant OLED TV is represented by infinite, rich colors.
Photo Credit:
The visually arresting art is the work of Australian artist and 3D illustrator, . Known for his multi-disciplinary approach, McLeod began his career designing websites and digital ad campaigns before becoming an in-demand 3D artist. Art and technology played a key role in this transition, as the rapid development of technology in the 3D space enabling David to take his art to a whole new level. Throughout his career, McLeod has always focused on his audience’s emotional response to texture and motion, translating these elements into his own visual language.
By seamlessly bringing together art and technology, LG SIGNATURE continues to break new ground with its innovative, luxury lifestyle solutions, embodying the brand’s Art of Essence vision.
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