Updated
Updated · CNBC · May 29
LG Electronics Jumps 24% on Google-Backed Car Tech Push
Updated
Updated · CNBC · May 29

LG Electronics Jumps 24% on Google-Backed Car Tech Push

1 articles · Updated · CNBC · May 29

Summary

  • LG Electronics shares climbed as much as 23.95% to 279,500 won after the company unveiled new automotive solutions built with Alphabet's Google technology.
  • The lineup runs on Android Automotive OS and uses a single chip to control multiple in-cabin displays with different aspect ratios at the same time.
  • LG said that design can cut automakers' deployment costs for multi-display cabin systems, a key selling point as carmakers add more screens.
  • Demand for Android Automotive is rising because it lets drivers access apps directly in vehicles without smartphones; Future Market Insights values the market at $895.6 million in 2025 and sees it reaching $2.14 billion by 2035.

Sources

Left100%
CNBC87d ago
LG Electronics Shares Surge 24% on Google-Powered Automotive Innovations

Insights

Is LG's 'AI-Defined Vehicle' strategy aiming to make the car the next major personal computing platform?
As LG's single-chip system slashes infotainment costs, will automakers sacrifice system resilience for savings?
With Google's Android OS now controlling core car functions, what happens to driver privacy and data security?

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Sources

1 total
Left100%
CNBC87d ago
LG Electronics Shares Surge 24% on Google-Powered Automotive Innovations

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