Mercedes-Benz Chairman: "LG Is a Unique Company... Discussing Cooperation on AI and Energy Storage"

Ola Kallenius Meets with LG Group Executives

The Mercedes-Benz Group has decided to strengthen its cooperation with LG Group in the future mobility sector.

Ola Kallenius, Chairman of the Board and Chief Executive Officer (CEO) of Mercedes-Benz Group AG, met on the 13th at the LG Twin Towers in Yeouido, Seoul, with Joo Wan Cho, CEO of LG Electronics, Cheol Dong Jung, CEO of LG Display, Dong Myung Kim, CEO of LG Energy Solution, and Hyuk Soo Moon, CEO of LG Innotek, as well as other executives responsible for automotive parts businesses. Matthias Beitel, CEO of Mercedes-Benz Korea, was also present at the meeting, which lasted about an hour.

Ola Kallenius, Chairman of the Board and Chief Executive Officer (CEO) of Mercedes-Benz Group AG, is entering the LG Twin Towers in Yeouido, Seoul on the 13th. Photo by Oh Hyunggil

Visiting Korea for the first time in two years, Chairman Kallenius said after the meeting, "We discussed software-defined vehicles (SDV), artificial intelligence (AI), in-car AI agents, and the energy storage business," adding, "Our cooperation with LG Group knows no borders or limits."

CEO Kallenius praised LG, saying, "There are very few companies in the world as broad and deep as LG," and emphasized that innovation and cutting-edge technology are what bind LG together. "That is why, whenever Mercedes-Benz seeks to try something special and new, LG naturally becomes one of our go-to partners," he added.

On this day, executives from both sides discussed a variety of potential measures to realize Mercedes-Benz’s future vision, including implementing future mobility centered on electrification and building a flexible and sustainable global production network through digitalization and automation.

In particular, both groups agreed to combine the advanced technological capabilities of LG’s major affiliates with Mercedes-Benz’s innovative vehicle development expertise, seeking new opportunities for collaboration and expanding technological synergy in areas such as batteries, displays, and automotive electronic components.

The two groups have maintained a close technological partnership over the years. LG Electronics and LG Display have collaborated on developing advanced infotainment systems, including the ‘MBUX Hyperscreen,’ while LG Energy Solution has enhanced the competitiveness of Mercedes-Benz electric vehicles through its EV battery cells.

Mercedes-Benz Group and LG Group executives met on the 13th at the LG Twin Towers in Yeouido, Seoul, to discuss strengthening cooperation in the future mobility sector. From left: Mercedes-Benz R&D Korea Kulsat Kartal Center Head, Mercedes-Benz Ida Wolff Head of Corporate Division, Mercedes-Benz Korea Matthias Beitl CEO, Mercedes-Benz Group AG Ola Kallenius CEO, LG Electronics Cho Ju-wan CEO, LG Display Jung Cheol-dong CEO, LG Energy Solution Kim Dong-myung CEO, LG Innotek Moon Hyuk-soo CEO. Photo by Benz Korea

Joo Wan Cho, CEO of LG Electronics, stated, "We will further solidify our strategic partnership with Mercedes-Benz based on our core competitiveness in the automotive electronics business, including user experience-oriented value propositions, an integrated SDV solution portfolio, and proven technology and reliability in the global market."

CEO Kallenius said, "I firmly believe that a strategic joint partnership is the driving force shaping the future of next-generation vehicles," adding, "We share a vision with LG based on innovation, quality, and sustainability, and by combining the strengths of both companies, we are creating vehicles that will set new standards for the global automotive industry."

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