On June 13th, Gizcoupon reported that Hyundai has recently announced an automotive alliance with Samsung, SK, and LG to develop more competitive electric vehicles by integrating their respective strengths and resources.
According to the news, Samsung will primarily provide semiconductor solutions for autonomous driving systems. SK will focus on delivering power battery solutions, while LG will contribute primarily to OLED information panels and other products.
Gizcoupon notes that the newly formed alliance is expected to expand the business of these companies further. Samsung invests significant resources annually in the research and production of automotive application processors. Additionally, Samsung Electro-Mechanics is currently increasing its investment in the development of multilayer ceramic capacitors (MLCC) for electric vehicles.
Several departments under LG will also participate in the alliance’s operations. LG Display will supply screens, LG Innotek will provide camera modules, LG Magna will supply powertrains, and LG Electronics will be responsible for the in-car systems.
By pooling their expertise and resources, this alliance aims to establish a formidable presence in the electric vehicle market, driving innovation and accelerating the transition to sustainable transportation. The collaboration between Hyundai, Samsung, SK, and LG represents a significant step forward in pursuing a greener automotive future.
