Invest KOREA

According to Pulse by Maeil Business News Korea, 

South Korea’s Ssangyong Motor Co., owned by India’s Mahindra & Mahindra Ltd., said Monday that it has teamed up with Tech Mahindra Co. and LG Uplus Corp. to develop connected cars. A connected car refers to a car equipped with Internet access which enables data transfer with other devices both inside as well as outside the vehicle and gives the driver remote access to the car.

The three companies signed a memorandum of understanding (MoU) to jointly develop and launch a service platform for connected cars within the next three years.

Under the deal, Ssangyong Motor will develop the car interior system. Tech Mahindra will work on the telematics platform, which enables remote access to vehicles and also security and safety monitoring. LG Uplus will provide the wireless network and also develop in-vehicle infotainment contents.

Tech Mahindra is an information and communications technology (ICT) unit of Indian auto giant Mahindra & Mahindra and largest shareholder in Ssangyong. It boasts annual sales of 4.5 trillion won and a work force of 107,000 IT professionals, a client base of more than 800 firms worldwide.

Ssangyong Motor has been ramping up cooperation for next-generation car development. It joined the Open Automotive Alliance (OAA), a Google Inc.-led global alliance of technology and auto industry leaders based on the Android platform, last June.

Yoon Byung-do, a senior official at the automaker said that the MoU paves the way for Ssangyong to sharpen its competitive edge in the smart car market.

By Noh Won-myung

Copyrights Pulse by Maeil Business News Korea. All Rights Reserved.

Source: Pulse by Maeil Business News Korea (Sep. 26, 2016)