LG HONORED WITH TOYOTA'S "EXCELLENT VALUE IMPROVEMENT AWARD" FOR THE FIRST TIME
LG Electronics (LGEJY) has received Toyota Motor North America's 2024 Excellent Value Improvement Award for the first time at TMNA's Annual Supplier Business Meeting. The recognition highlights LG's exceptional performance in component quality, technological innovation, and cost optimization initiatives in North America.
The company has been Toyota's partner since 2011, initially supplying Navi-box components and expanding to advanced telematics solutions in 2019. LG's Vehicle Solution Company provides cutting-edge telematics control units (TCUs) featuring 5G connectivity, Vehicle-to-Everything (V2X) communication, and enhanced cybersecurity measures.
The award evaluation considered multiple criteria, including technology development, supplier diversity, value improvement, quality, and value chain promotion. LG demonstrated outstanding delivery performance and manufacturing improvement, particularly in the post-pandemic environment.
LG Electronics (LGEJY) ha ricevuto per la prima volta il Premio per il Miglioramento del Valore Eccellente 2024 da Toyota Motor North America durante l'Incontro Annuale dei Fornitori TMNA. Questo riconoscimento evidenzia le prestazioni eccezionali di LG nella qualit脿 dei componenti, nell'innovazione tecnologica e nelle iniziative di ottimizzazione dei costi in Nord America.
L'azienda 猫 partner di Toyota dal 2011, inizialmente fornendo componenti per Navi-box e ampliando la collaborazione nel 2019 con soluzioni telematiche avanzate. La Vehicle Solution Company di LG offre unit脿 di controllo telematico (TCU) all'avanguardia con connettivit脿 5G, comunicazione Vehicle-to-Everything (V2X) e misure di sicurezza informatica potenziate.
La valutazione per il premio ha considerato diversi criteri, tra cui sviluppo tecnologico, diversit脿 dei fornitori, miglioramento del valore, qualit脿 e promozione della catena del valore. LG ha dimostrato eccellenti performance nelle consegne e miglioramenti nella produzione, soprattutto nel contesto post-pandemico.
LG Electronics (LGEJY) ha recibido por primera vez el Premio a la Mejora del Valor Excelente 2024 de Toyota Motor North America en la Reuni贸n Anual de Proveedores de TMNA. Este reconocimiento destaca el desempe帽o excepcional de LG en la calidad de componentes, innovaci贸n tecnol贸gica e iniciativas de optimizaci贸n de costos en Norteam茅rica.
La compa帽铆a ha sido socio de Toyota desde 2011, inicialmente suministrando componentes para Navi-box y ampliando a soluciones telem谩ticas avanzadas en 2019. La Vehicle Solution Company de LG ofrece unidades de control telem谩tico (TCUs) de 煤ltima generaci贸n con conectividad 5G, comunicaci贸n Vehicle-to-Everything (V2X) y medidas mejoradas de ciberseguridad.
La evaluaci贸n para el premio consider贸 m煤ltiples criterios, incluyendo desarrollo tecnol贸gico, diversidad de proveedores, mejora de valor, calidad y promoci贸n de la cadena de valor. LG demostr贸 un desempe帽o sobresaliente en entregas y mejoras en la manufactura, especialmente en el entorno post-pandemia.
LG Electronics (LGEJY)電� TMNA 鞐半 瓿店笁鞐呾泊 牍勳雼堨姢 氙疙寘鞐愳劀 觳橃潓鞙茧 Toyota Motor North America鞚� 2024 鞖办垬 臧�旃� 臧滌劆靸�鞚� 靾橃儊頄堨姷雼堧嫟. 鞚� 靸侅潃 攵侂 歆�鞐棎靹� 攵�頀� 頀堨, 旮办垹 順侅嫚 氚� 牍勳毄 斓滌爜頇� 鞚措媹靺旐嫲敫岇棎靹� LG鞚� 霙办柎雮� 靹标臣毳� 臧曥“頃╇媹雼�.
鞚� 須岇偓電� 2011雲勲秬韯� Toyota鞚� 韺岉姼雱堧, 觳橃潓鞐愲姅 雮措箘氚曥姢(Navi-box) 攵�頀堨潉 瓿店笁頃橂嫟臧� 2019雲勳棎電� 觳嫧 韰旊爤毵ろ嫳鞀� 靻旊（靺橃溂搿� 頇曥灔頄堨姷雼堧嫟. LG鞚� Vehicle Solution Company電� 5G 鞐瓣舶, 彀焿 臧� 韱奠嫚(V2X), 臧曧檾霅� 靷澊氩� 氤挫晥 旮半姤鞚� 臧栰稑 斓滌波雼� 韰旊爤毵ろ嫳鞀� 鞝滌柎 鞛レ箻(TCU)毳� 鞝滉车頃╇媹雼�.
靾橃儊 韽夑皜電� 旮办垹 臧滊皽, 瓿店笁鞐呾泊 雼れ枒靹�, 臧�旃� 臧滌劆, 頀堨 氚� 臧�旃� 靷姮 齑夓 霌� 鞐煬 旮办鞚� 瓿犽牑頄堨姷雼堧嫟. LG電� 韸鬼瀳 韺嵃氙� 鞚错泟 頇橁步鞐愳劀 韮侅洈頃� 雮╉拡 靹标臣鞕� 鞝滌“ 臧滌劆鞚� 鞛呾頄堨姷雼堧嫟.
LG Electronics (LGEJY) a re莽u pour la premi猫re fois le Prix d'Am茅lioration de la Valeur Excellente 2024 de Toyota Motor North America lors de la R茅union Annuelle des Fournisseurs de TMNA. Cette distinction met en lumi猫re la performance exceptionnelle de LG en mati猫re de qualit茅 des composants, d'innovation technologique et d'initiatives d'optimisation des co没ts en Am茅rique du Nord.
L'entreprise est partenaire de Toyota depuis 2011, fournissant initialement des composants pour Navi-box et 茅tendant son offre en 2019 脿 des solutions t茅l茅matiques avanc茅es. La Vehicle Solution Company de LG propose des unit茅s de contr么le t茅l茅matiques (TCU) de pointe, dot茅es de connectivit茅 5G, de communication Vehicle-to-Everything (V2X) et de mesures renforc茅es de cybers茅curit茅.
L'茅valuation du prix a pris en compte plusieurs crit猫res, notamment le d茅veloppement technologique, la diversit茅 des fournisseurs, l'am茅lioration de la valeur, la qualit茅 et la promotion de la cha卯ne de valeur. LG a d茅montr茅 une performance exceptionnelle en mati猫re de livraison et d'am茅lioration de la production, particuli猫rement dans le contexte post-pand茅mique.
LG Electronics (LGEJY) hat zum ersten Mal den 2024 Excellent Value Improvement Award von Toyota Motor North America auf dem j盲hrlichen Lieferantentreffen von TMNA erhalten. Die Auszeichnung w眉rdigt LGs herausragende Leistung in der Komponentenqualit盲t, technologischen Innovation und Kostenoptimierungsinitiativen in Nordamerika.
Das Unternehmen ist seit 2011 Partner von Toyota, begann mit der Lieferung von Navi-Box-Komponenten und erweiterte 2019 sein Angebot um fortschrittliche Telematikl枚sungen. Die Vehicle Solution Company von LG bietet hochmoderne Telematik-Steuereinheiten (TCUs) mit 5G-Konnektivit盲t, Vehicle-to-Everything (V2X)-Kommunikation und verbesserten Cybersicherheitsma脽nahmen.
Die Bewertung f眉r die Auszeichnung ber眉cksichtigte mehrere Kriterien, darunter Technologieentwicklung, Lieferantendiversit盲t, Wertsteigerung, Qualit盲t und F枚rderung der Wertsch枚pfungskette. LG zeigte besonders im postpandemischen Umfeld herausragende Lieferleistungen und Verbesserungen in der Fertigung.
- First-time recognition from Toyota, world's largest car manufacturer, strengthening supplier relationship
- Successful expansion of automotive component supply relationship since 2011
- Strategic acquisitions and joint ventures enhancing automotive technology portfolio
- None.
Company's Outstanding Efforts in Delivery and Collaborative Cost Reduction Recognized by the World's Largest Car Manufacturer
To determine the award winners, TMNA evaluates supplier performance based on key criteria such as technology and development, supplier diversity, value improvement, Value Analysis achievement, quality, launch and value chain promotion. LG was highly commended for its outstanding delivery and proactive support of cost innovation initiatives. The company's commitment to on-time, high-quality supply chain management has ensured seamless operations for Toyota, while its collaborative approach to cost optimization prioritizes continuous improvement over simple price reductions. LG also excelled in Manufacturing Improvement, demonstrating resilience and operational excellence in the challenging post-pandemic landscape.
LG has been a trusted partner of Toyota since supplying Navi-box components for its vehicles in 2011. This partnership expanded in 2019 to include advanced telematics solutions for TMNA. The LG Vehicle Solution Company leverages its expertise in 5G telematics technology to deliver advanced connectivity solutions tailored for the automotive industry. The company provides versatile telematics control units (TCUs) available in both standalone and integrated-antenna configurations. These TCUs feature cutting-edge capabilities, including 5G connectivity, Vehicle-to-Everything (V2X) communication, and robust cybersecurity measures. Such innovations enable automakers to offer seamless connectivity, efficiently supporting the growing demands of connected and autonomous driving. Through close collaboration with global automakers, LG continues to drive innovation and reinforce its leadership position in automotive telematics.
"LG's commitment to collaboration and continuous improvement has been outstanding," said Ryan Grimm, Group Vice President of TMNA R&D Purchasing Supplier Development. "We appreciate LG's proactive approach to meeting our evolving needs and look forward to building on this strong foundation as we move forward together."
"This highly esteemed award validates our efforts in advancing automotive technology and underscores our commitment to collaboration and building customer trust," said Brad Oh, president of LG Vehicle Solution
About LG Electronics Vehicle Solution Company
The LG Vehicle Solution Company (VS) is bringing LG's unique human-centered innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions for software-defined vehicles. Committed to "Driving Better Future Mobility," the company has diversified its portfolio to further strengthen its capabilities. This includes the acquisition of automotive lighting systems provider ZKW Group and vehicle cybersecurity company Cybellum, as well as the establishment of the LG Magna e-Powertrain joint venture. For more information, visit .听To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at and follow the LG VS Company LinkedIn channel at .听
View original content to download multimedia:
SOURCE LG Electronics
FAQ
What is the significance of Toyota's Excellent Value Improvement Award for LGEJY stock?
What automotive technologies does LGEJY provide to Toyota in 2024?
When did LGEJY begin its partnership with Toyota?
How has LGEJY expanded its automotive capabilities recently?
