• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Friday, August 12, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    75th Independence Day: Free entry to all ASI-protected monuments from August 5 to 15

    75th Independence Day: Free entry to all ASI-protected monuments from August 5 to 15

    Asia Cup schedule 2022: India to take on Pakistan on August 28 in UAE

    Asia Cup schedule 2022: India to take on Pakistan on August 28 in UAE

    Earth completes its rotation in less than 24 hours, breaking record for shortest day again

    Earth completes its rotation in less than 24 hours, breaking record for shortest day again

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'

    Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

    India may ban Chinese phones under INR 12,000: Report

    India may ban Chinese phones under INR 12,000: Report

    CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

    CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Realme 9i 5G launch date revealed: Specifications, price & more details here

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

    75th Independence Day: Free entry to all ASI-protected monuments from August 5 to 15

    75th Independence Day: Free entry to all ASI-protected monuments from August 5 to 15

    Asia Cup schedule 2022: India to take on Pakistan on August 28 in UAE

    Asia Cup schedule 2022: India to take on Pakistan on August 28 in UAE

    Earth completes its rotation in less than 24 hours, breaking record for shortest day again

    Earth completes its rotation in less than 24 hours, breaking record for shortest day again

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

LG Sets Eyes into the Automobile Industry

Anurag Tiwari by Anurag Tiwari
February 2, 2021
in News
LG Sets Eyes into the Automobile Industry
Share on FacebookShare on Twitter

LG Sets Eyes into the Automobile Industry

By: Ashwathy Nair

  • An announcement on partnering with Qualcomm to develop 5G automotive platform.
  • LG will be leveraging decades-long R&D to work on automotive platforms.
  • LG & Qualcomm have a long-standing relationship in the connected car segment of the industry.

Now that LG’s smartphone business is due for either closure or a handover because of successive loss-making years, LG is foraying into the automobile industry. The partnership with Qualcomm has been announced by the South Korean company in order to develop 5G automotive platforms as LG is aiming towards setting its eyes on business expansion in emerging markets. The vice president of LG Electronics, Park Jong-sun stated that “the new partnership will be leveraging decades-long research and development experience specific to 5G automotive platforms.”

Ever since Qualcomm is known to be one of the biggest manufacturers of semiconductors for telematics as well as wireless car connectivity, The company is focused on tapping its resources, much like other partners that Qualcomm is working with. Qualcomm is willing to develop “connected, reliable, intelligent as well as location-aware next-generation vehicles” as the company goes on towards expanding its partnerships that currently will be including LG, ZTE Corp, and Continental AG. As per LG, it thinks that 5G is critical for the deployment of a fully-connected car platform along with harnessing Qualcomm’s expertise for that is the way to go.

As per Jong-sun, up to 3-quarters, precisely around 75%, of all automobiles that will be sold in the year, 2027 will be having some form of cellular connectivity inside, which paints a bright future for 5G automotive technologies. LG is all set to dip its toes into this market early so that its partnership with Qualcomm Technologies is set to bear fruits by the time the market for fully-connected cards mature. LG as well as Qualcomm have a long-standing relationship in the connected car segment of the industry.

LG and Qualcomm collaborated to develop telematics technology in 2004, while the two firms signed a contract to work on connected car solutions later in 2017. And then both LG and Qualcomm reached an agreement in 2019 to run on LG’s in-car infotainments and webOS Auto platforms. In the automotive sector that it has been working towards in recent years, LG wants to go all out, but forming a partnership with Qualcomm would propel the business deeper into the market. LG is currently in collaboration with Magna International of Canada for the manufacture of electric vehicles and their components.

The demand is also rising for self-driving vehicles, electric cars and fully connected cars. In addition to bigwigs like Hyundai, Tesla, Honda, and others, smartphone and technology companies are drastically changing their focus. Other brands chose to sink their teeth into the EV market after Google’s parent company – Alphabet joined the market with Waymo. But Apple was the most fascinating development. Apple was rumoured to be working on an EV earlier this month but Hyundai mistakenly admitted it has got a proposal from Apple on the same. This was followed by a series of denials, but the secret was out for good finally.

Previous Post

Reliance Jio Ranked Fifth Strongest Brand Globally

Next Post

Top 10 Safest Cars for India As Rated by Global NCAP

Related Posts

Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program'
News

Vikram Sarabhai 101st birth anniversary: Remembering the ‘Father of Space Program’

by Anurag Tiwari
August 12, 2022
0

Vikram Sarabhai 101st birth anniversary: Remembering the 'Father of Space Program' By Sanjay Maurya Indian physicist and astronomer Vikram Sarabhai...

Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again
News

Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again

by Anurag Tiwari
August 10, 2022
0

Nitish to take oath as Bihar CM today; Tejashwi may become Deputy CM again By Sanjay Maurya A day after...

India may ban Chinese phones under INR 12,000: Report

India may ban Chinese phones under INR 12,000: Report

August 9, 2022
CWG 2022: Most medals rained on the 10th day, Indiawon 15 medals including 5 gold

CWG 2022: Most medals rained on the 10th day, India won 15 medals including 5 gold

August 8, 2022
Realme 9i 5G launch date revealed: Specifications, price & more details here

Realme 9i 5G launch date revealed: Specifications, price & more details here

August 6, 2022
Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

Sudhir Unstoppable: The man who fought polio now won 6th gold for India at CWG 2022

August 5, 2022
Next Post
Top 10 Safest Cars for India As Rated by Global NCAP

Top 10 Safest Cars for India As Rated by Global NCAP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Tata Group Net Worth: A look at the growth strategy

Tata Group Net Worth: A look at the growth strategy

August 12, 2022
Benefits of reading Magazines and Newspaper

Benefits of reading Magazines and Newspaper

August 12, 2022
Musings of a Lazy Author

Musings of a Lazy Author

August 12, 2022
KALATMAK SPATIAL SYSTEMS

KALATMAK SPATIAL SYSTEMS

August 12, 2022

Recent News

Tata Group Net Worth: A look at the growth strategy

Tata Group Net Worth: A look at the growth strategy

August 12, 2022
Benefits of reading Magazines and Newspaper

Benefits of reading Magazines and Newspaper

August 12, 2022
Musings of a Lazy Author

Musings of a Lazy Author

August 12, 2022
KALATMAK SPATIAL SYSTEMS

KALATMAK SPATIAL SYSTEMS

August 12, 2022

Recommended

RateGain and Hotelogix _Business Connect Magazine

RateGain and Hotelogix join hands to help hotels with real-time distribution

May 31, 2019
Timelee Spaces | Business Connect

TimeleeSpaces Reservations Pvt Ltd

November 26, 2019

Most Popular

Tata Group Net Worth: A look at the growth strategy
Networth

Tata Group Net Worth: A look at the growth strategy

August 12, 2022
Benefits of reading Magazines and Newspaper
Blog

Benefits of reading Magazines and Newspaper

August 12, 2022
Musings of a Lazy Author
Lounge Interviews

Musings of a Lazy Author

August 12, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 807, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail:

  • abhishek@businessconnectindia.in
  •  events@businessconnectindia.in
  •  info@businessconnectindia.in

Recent News

Tata Group Net Worth: A look at the growth strategy

Tata Group Net Worth: A look at the growth strategy

August 12, 2022
Benefits of reading Magazines and Newspaper

Benefits of reading Magazines and Newspaper

August 12, 2022
Musings of a Lazy Author

Musings of a Lazy Author

August 12, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India