Luxoft, LG Electronics to form joint venture

BY AETOSWIRE - Jan 14, 2020 at 8:01am 100

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Luxoft and LG Electronics to form joint venture to enable digital, consumer-grade experiences in the automotive industry.

JV promises to accelerate Luxoft strategy to enable the future of mobility based on webOS Auto, an open platform for collaboration.

Luxoft, a DXC Technology Company (NYSE:DXC), and LG Electronics (LG) today announced that they will form an automotive joint venture to advance the deployment of production-ready digital cockpit, in-vehicle infotainment, rear-seat entertainment (RSE) and ride-hailing systems based on the webOS Auto platform.

The JV will bring together one of the industry's most innovative automotive software engineering providers with one of the world's leading innovators in technology and home entertainment.

“This new venture reinforces Luxoft’s capabilities in the design, development and deployment of large-scale digital cockpit and connected mobility solutions based on open platforms,” said Dmitry Loschinin, executive vice president, DXC Technology, and president and CEO, Luxoft. “The combined strengths of LG and Luxoft will create invaluable synergy to deploy webOS Auto, the platform for digital, consumer-grade experiences to automakers and their key partners.”

Luxoft will lead the deployment of webOS Auto platform in production-ready systems in automotive by contributing its global delivery network and its engineering at-scale delivery organization.

“The JV builds on the long-established and successful relationship between the two companies, creating a great synergy effect in next-generation customer experiences,” said Dr. I.P. Park, president and CTO of LG Electronics. “Luxoft’s combined capabilities and execution with its global delivery network will accelerate the deployment of webOS Auto in production-ready systems.”

Automakers and their key partners, fleet operators, and shared mobility services providers can already deploy webOS Auto to large-scale series production systems, including: Digital Cockpit systems; Rear Seat Entertainment (RSE) for traditional needs; Rear Seat Entertainment (RSE) with ride-hailing mode; and
Cabin and center stack display for ride-hailing systems.

It is anticipated that the JV will commence operations in the first quarter of 2020. The transaction is subject to regulatory approval and other customary closing conditions.