LG Electronics on Wednesday said it has inked an agreement with mapping solution provider Here Technologies to further tap self-driving automobile solutions.
The South Korean company said Here, which provides navigation solutions to nearly 100 million automobiles around the globe, is a suitable partner for LG, which recently set its eyes on what it calls "connected cars".
Here's "HD Live Map" is capable of distinguishing street signs, street lamps and other obstacles on roads, a key technology needed for autonomous vehicles.
"Through the cooperation with Here, which holds top-notch mapping technology, we will set a new standard of the communication solution installed in self-driving cars," LG Electronics was quoted as saying.
"We're excited to present a new standard for autonomous mobile communication solutions in cooperation with Here, which has unsurpassed cutting-edge automotive guidance technology," said Lee Woo-jong, president of LG's Vehicle Components Company. "With partners like Here, LG can continue to advance the next generation of connected car technologies to help prepare automakers for the self-driving era."
"To operate safely and efficiently, autonomous vehicles will need many kinds of robust data sources and powerful communication technologies," said Moon Lee, vice president of Here Technologies APAC. "We believe our Open Location Platform-powered services can play a critical role in next-generation telematics technology for autonomous vehicles, and we're excited to be working with LG to make this a reality."
LG Electronics said it has been standing as the world's top player in the field of telematics since 2013, which refers to solutions that combine various communications technologies for automobiles.
LG Electronics said its vehicle components division has been making quarterly losses due to its aggressive investment in the segment.
The vehicle components division posted an operating loss of $26.9 million (roughly Rs. 172 crores) in the third quarter.
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