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LG partners with Here on self-driving vehicles

Dec 28,2017
LG Electronics is working with Here Technologies, a provider of mapping data and services, on technology that will allow self-driving cars to collect information about their surroundings, the companies said Wednesday.

By next year, LG and Here hope to develop a system where cars can collect road data through cameras and sensors attached to the vehicle. The information includes real-time data about vehicles’ surroundings, including traffic situations, signals and signs. The companies believe this will help self-driving cars operate more safely on roads.

Under the partnership, LG will contribute its telematics technology. This includes vehicular technology for navigation, location confirmation and emergency dispatch through various communication technologies like GPS, Bluetooth, Wi-Fi and mobile.

Here will contribute its HD Live Map, which depicts three-dimensional geographic features that are accurate to the centimeter, according to the company.

“We will come up with a new standard for an autonomous vehicle solution under partnership with Here,” said Lee Woo-jong, head of the vehicle component division at LG Electronics. “We will continue unveiling next-generation connected vehicle components so that our customers - global automakers - can better cope with the age of autonomous cars.”

LG, a leading consumer electronics producer, has been striving to branch out to the automotive parts business. It has been the leading global provider of telematics technology since 2013.

The map data and services of Here are in more than 100 million vehicles, according to the company. The company, which is run by a consortium of global automakers including Audi, BMW and Daimler, has been eyeing the potential of autonomous driving technology.

On the prospects of the deal, shares of LG Electronics soared 7.86 percent to close at 107,000 won ($99.60) on Wednesday, propped up by buying from institutional investors.

BY SEO JI-EUN [seo.jieun@joongang.co.kr]