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[THE INVESTOR] LG Electronics will supply telematics systems that support wireless Internet in cars to Japan’s Toyota Motor, according to news reports on July 22.
The company’s vehicle component business division has recently signed a deal with the Japanese auto giant to produce telematics systems to be equipped in Toyota vehicles sold in Japan and North America.
The company’s vehicle component business division has recently signed a deal with the Japanese auto giant to produce telematics systems to be equipped in Toyota vehicles sold in Japan and North America.
LG is No. 1 player in the global telematics market with some 30 percent market share.
The company will supply 11 key parts for General Motors’ first full-electric Chevrolet Bolt that debuts in October.
By Lee Ji-yoon (jylee@heraldcorp.com)
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Articles by Korea Herald
