LG Innotek "Acquired 3,500 Automotive Patents in 5 Years... Accelerating Lead in Future Mobility Market"

LiDAR, Vehicle Cameras, Lighting, and Communication Modules Account for 40% of Automotive Electronics Patent Applications

LG Innotek is accelerating its pace to dominate the global automotive electronics (electric and electronic vehicle components) market by acquiring over 3,500 patents in future mobility fields such as electric vehicles and autonomous vehicles over the past five years. Forty percent of the company's total patent applications are related to automotive electronics.

Employees are presenting key automotive electronics patent achievements in front of the 'Patent Wall,' a major patent exhibition space inside the LG Innotek headquarters building at Magok Science Park, Gangseo-gu, Seoul.
[Photo by LG Innotek]

On the 28th, LG Innotek announced that it has filed more than 3,500 patents related to automotive electronic components over five years. The company explained that it has focused on securing core technologies annually to establish new growth engines in the automotive electronics business. A company representative stated, "We are rapidly expanding patent applications centered on future vehicle fields such as electric vehicles and autonomous vehicles, including LiDAR, vehicle cameras, lighting, and communication modules."

LG Innotek is also actively securing standard patents. Recently, it registered five international standard patents for electric vehicle communication controllers (EVCC). The technologies registered as standard patents include four patents on vehicle charging mode determination technology using communication channels and one patent on battery charging control technology. Last year, the company also secured three international standard patents for EVCC. Globally, only eight companies, including General Electric (GE) and Siemens, hold international standard patents in the electric vehicle charging field.

International standard patents are patents on technologies used when applying standard specifications set by standardization organizations such as the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) to products. Companies holding standard patents can secure technological superiority in the relevant field and increase market dominance. They can also generate revenue through standard patent royalties. LG Innotek expects to expand its global market share in electric vehicle communication and charging control and generate royalty income.

LG Innotek also announced active participation in domestic and international activities for establishing standards for core future vehicle components. Overseas, LG Innotek experts selected by the Ministry of Trade, Industry and Energy’s National Institute of Technology and Standards are participating in ISO LiDAR international standardization work. Domestically, the company is collaborating with the Korean Standards Association to work on national standardization of next-generation mobility technologies such as autonomous driving cameras and vehicle communication.

No Seung-won, LG Innotek’s Chief Technology Officer (CTO, Executive Vice President), said, "We will continuously secure technology and patent leadership to establish a favorable position in the global automotive electronics market."

This content was produced with the assistance of AI translation services.