Mercedes-Benz Chairman: "LG Has Been a Strong Partner for a Long Time"

Kallenius Visits Korea,
Meets with Key LG Executives

Ola Kallenius, Chairman of Mercedes-Benz, stated, "LG has been a strong partner with Mercedes-Benz for a long time," and added, "Please look forward to the outstanding technologies that LG and Mercedes-Benz will develop together."

Chairman Kallenius made these remarks to reporters ahead of a meeting with executives from major LG Group affiliates at the LG Twin Towers in Yeouido, Seoul, on the afternoon of November 13. On this day, Chairman Kallenius plans to meet with Cho Joo-wan, CEO of LG Electronics; Jeong Cheoldong, CEO of LG Display; Kim Dongmyung, CEO of LG Energy Solution; and Moon Hyuksu, CEO of LG Innotek, to discuss ways to expand collaboration for next-generation automotive electronics (vehicle electronic and electrical equipment) partnerships.

Ola Kallenius, Chairman of Mercedes-Benz, is entering the LG Twin Towers in Yeouido, Seoul, on the afternoon of the 13th. Chairman Kallenius is scheduled to meet with executives of major LG Group affiliates on this day to discuss expanding collaboration in the automotive electronics sector. Photo by Yonhap News Agency

LG Display has been supplying vehicle displays since 2004 and is now expanding collaboration with Mercedes-Benz to include next-generation products such as organic light-emitting diode (OLED) displays. LG Electronics provides in-vehicle infotainment software, while LG Energy Solution has recently secured a major position as a key supplier by signing a battery contract worth 15 trillion won.

Attention is also focused on whether LG Innotek, which has not yet established a direct business relationship with Mercedes-Benz, will succeed in securing a new deal. LG Innotek is expected to explore the possibility of supplying automotive components such as advanced driver-assistance system (ADAS) sensors.