LG to smart car parts for Toyota

SEOUL, July 21 (Yonhap) -- LG Electronics Co. of South Korea will provide key components for Toyota Motor Corp.'s smart cars, an industry source said Thursday.

LG signed a contract with the Japanese automobile maker recently to supply a "telematics" system, according to the source.

It will be installed in Toyota's new model to be sold in Japan and North America.

Telematics is a core component of connected and autonomous vehicles, combining computers and wireless telecommunications technologies.

LG is a global leader in the telematics field, taking up around 30 percent of market share.

It teamed up with General Motors last year for its Chevrolet Bolt electric vehicle.

lcd@yna.co.kr
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