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LG is at the forefront of transforming the automotive industry with its AI-driven software solutions. The company aims to redefine vehicles as personal spaces that integrate work, entertainment, and relaxation, leveraging its expertise in home electronics. By 2030, LG anticipates that software will account for 30% of a vehicle's value, enhancing real-time updates and user experiences.
Valentin Janiaut, from LG Vehicle Component Solutions, highlighted the company's significant growth in the software-defined vehicle (SDV) space, generating $7.7 billion in revenue in 2022. LG collaborates with major automakers like Hyundai, Kia, GM, and Renault to develop advanced safety systems and in-car experiences, including autonomous driving technologies and driver monitoring systems.
• LG's automotive business generated $7.7 billion in revenue in 2022.
• Software is expected to account for 30% of vehicle value by 2030.
LG aims to dominate the SDV market by providing solutions for infotainment and safety.
LG is developing AI-driven software for autonomous driving and driver safety features.
LG's AI technology is leading the development of this feature to enhance vehicle safety.
LG is expanding its influence in the automotive sector through AI-driven software solutions.
Hyundai benefits from LG's expertise in software-defined vehicles and safety systems.
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