▪ Signed MOU with Tech Mahindra and LG U+ for developing connected car

▪ Joint development for platform which enables real-time information sharing and remote control of the car

▪ Correspond and lead the paradigm shift of future automobile industry by developing connected car platform, electric vehicles, and autonomous vehicles

SsangYong Motor Company (CEO Johng-sik Choi; www.kg-mobility.com/en) announced that the company signed the MOU with India’s Tech Mahindra and LG U+, third largest Korean telecommunications provider, to develop connected cars.

Connected cars are equipped with communication network by integrating ICT(Information and Communications Technologies) and the car, which enables real time information sharing and remote control of the car.

MOU signing ceremony was held at the LG U+ Yongsan building on September 23rd, attended by executives of the three companies including the head of SsangYong Motor Product Development HQ Byung-Do Yoon, head of R&D Center Su-Won Lee, vice president of Tech Mahindra L. Ravichandran, and vice president of LG U+ Moon-Seok Kang.

With MOU, SsangYong, Tech Mahindra and LG U+ agreed to cooperate on development and launch of connected car platform within the next 3 years. While SsangYong will develop the interior systems of the car, Tech Mahindra will provide the telematics platform, which is related to security, safety and remote controls of the car. LG U+ will offer the telecommunications network to enable internet access in the car and also develop a platform that could offer infotainment to drivers.

Also, joined by Tech Mahindra, the information technology affiliate of India Mahindra & Mahindra Group, synergy between SsangYong and Mahindra & Mahindra Group in terms of the R&D is expected to be created.

Earlier, SsangYong also joined the OAA(Open Automotive Alliance), a global connected car development alliance based on Android system led by Google along with Mahindra & Mahindra to develop next-generation cars in June 2015.

Meanwhile, having about 107,000 IT experts, Tech Mahindra provides telecom and IT system consulting services globally to 800 companies, generating 4.5 trillion won ($4.06 billion) in annual sales. Tech Mahindra showcased Mahindra’s connected car platform ‘DiGi SENSE 1.0’ in India in last

Byung-Do Yoon, head of SsangYong Motor Product Development HQ, said “SsangYong now got a foothold to enhance competitiveness in the smart car market through this MOU agreement.” And he added, “We will continuously innovate to correspond and lead the paradigm shift of future automobile industry by developing connected car platform and autonomous vehicles.”