LG: the layout of the car networking market, 7 billion 840 million yuan acquisition vehicle lighting company

It is reported that the car networking opportunities have a fever, LG group saw the market, released the second generation vehicle communication module, stepping up the hands and feet in a new market niche.

According to BusinessKorea, the Aju Business Daily report, LG LG Innotek group components factory in August 31st launched the second generation of "V2X" module (see photo), for self driving and car networking. V2X is "Vehicle To Everything" (car of all) abbreviation, can make between vehicles, vehicles and infrastructure, vehicles and pedestrians, road and traffic information sharing.

The second generation of V2X consists of three core components, namely the control protocol (Communication protocol) HCI module, hardware security module (HSM), processor (AP), the new module is more durable than the first generation, and the size of credit card more mini, only about 1/3.

The communication module integrated, car parts factory factory and does not require separate installation testing various parts, the use of more convenient, communication performance, but also improve the network vehicle safety and reliability. LG claims that the new module of high temperature resistance, can be used normally 105 degrees Celsius environment, and even if the vehicle speed of 120 kilometers per hour, within a radius of 1 km can receive and send messages.

This is a vast market opportunities, Lux Research estimates, 2020 V2X market size of up to $6 billion 500 million (about 42 billion 500 million yuan).

Thomson Reuters quoted South Korean Economic Daily reported in August 29th, LG Electronics (LG Electronics Inc.) LG Corp together with the parent company plans to spend $1 billion 200 million (about 7 billion 840 million yuan) acquisition of Austria automotive lighting company ZKW Group. South Korea Economic Daily said, eager to cut into the car with the LG electronic market for the acquisition has spent more than 1.5 years of preparation. The report also mentioned that the first voter lists expected will be released next month.

Source: Financial Network

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