LG Electronics to Supply Audio System to Volkswagen

South Korea’s LG Electronics has signed an agreement with the Volkswagen Group to supply car audio systems to three of Volkswagen’s automotive brands since March 2012. The Volkswagen Group has now become the world's third largest automotive group in Europe, and LG Electronics’ car audio supply contract valued at approximately US$370 million. LG has thus become one of the suppliers of the largest car audio systems of the three brands under the Volkswagen Group. Volkswagen’s three brands are Volkswagen in Germany, SEAT in Seattle and Skoda in the Czech Republic. Since 2007, LG and Volkswagen have established partnerships in the field of car audio, and now this cooperation is an important manifestation of cooperation deepening. Through this series of actions, LG Electronics has become a global supplier of automotive infotainment solutions.

LG's car audio system can display information of various on-board electronic control units and provide diagnostic reports for various components, including speakers, antennas and other peripherals. It also allows users to easily connect to external media via Bluetooth, USB and SD. In addition, color TFT LCDs provide clear images and dual tuner systems to improve the reception of radio broadcast signals.

LG's Executive Vice President and CEO of Business Solutions Corporation. B. Hwang said: "Over the years, LG Electronics has successfully demonstrated its superior automotive electronics technology. We are very excited to have the opportunity to collaborate with the public again." "LG is currently developing a diversified product line. We will In the near future, it will launch an automotive infotainment platform."