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 qualità dei componenti, nell'innovazione tecnologica e nelle iniziative di ottimizzazione dei costi in Nord America.
L'azienda è 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 unità di controllo telematico (TCU) all'avanguardia con connettività 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, diversità dei fornitori, miglioramento del valore, qualità 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 Reunión Anual de Proveedores de TMNA. Este reconocimiento destaca el desempeño excepcional de LG en la calidad de componentes, innovación tecnológica e iniciativas de optimización de costos en Norteamérica.
La compañía ha sido socio de Toyota desde 2011, inicialmente suministrando componentes para Navi-box y ampliando a soluciones telemáticas avanzadas en 2019. La Vehicle Solution Company de LG ofrece unidades de control telemático (TCUs) de última generación con conectividad 5G, comunicación Vehicle-to-Everything (V2X) y medidas mejoradas de ciberseguridad.
La evaluación para el premio consideró múltiples criterios, incluyendo desarrollo tecnológico, diversidad de proveedores, mejora de valor, calidad y promoción de la cadena de valor. LG demostró un desempeño sobresaliente en entregas y mejoras en la manufactura, especialmente en el entorno post-pandemia.
LG Electronics (LGEJY)는 TMNA 연례 공급업체 비즈니스 미팅에서 처음으로 Toyota Motor North America의 2024 우수 가치 개선상을 수상했습니다. 이 상은 북미 지역에서 부품 품질, 기술 혁신 및 비용 최적화 이니셔티브에서 LG의 뛰어난 성과를 강조합니다.
이 회사는 2011년부터 Toyota의 파트너로, 처음에는 내비박스(Navi-box) 부품을 공급하다가 2019년에는 첨단 텔레매틱스 솔루션으로 확장했습니다. LG의 Vehicle Solution Company는 5G 연결, 차량 간 통신(V2X), 강화된 사이버 보안 기능을 갖춘 최첨단 텔레매틱스 제어 장치(TCU)를 제공합니다.
수상 평가는 기술 개발, 공급업체 다양성, 가치 개선, 품질 및 가치 사슬 촉진 등 여러 기준을 고려했습니다. LG는 특히 팬데믹 이후 환경에서 탁월한 납품 성과와 제조 개선을 입증했습니다.
LG Electronics (LGEJY) a reçu pour la première fois le Prix d'Amélioration de la Valeur Excellente 2024 de Toyota Motor North America lors de la Réunion Annuelle des Fournisseurs de TMNA. Cette distinction met en lumière la performance exceptionnelle de LG en matière de qualité des composants, d'innovation technologique et d'initiatives d'optimisation des coûts en Amérique du Nord.
L'entreprise est partenaire de Toyota depuis 2011, fournissant initialement des composants pour Navi-box et étendant son offre en 2019 à des solutions télématiques avancées. La Vehicle Solution Company de LG propose des unités de contrôle télématiques (TCU) de pointe, dotées de connectivité 5G, de communication Vehicle-to-Everything (V2X) et de mesures renforcées de cybersécurité.
L'évaluation du prix a pris en compte plusieurs critères, notamment le développement technologique, la diversité des fournisseurs, l'amélioration de la valeur, la qualité et la promotion de la chaîne de valeur. LG a démontré une performance exceptionnelle en matière de livraison et d'amélioration de la production, particulièrement dans le contexte post-pandémique.
LG Electronics (LGEJY) hat zum ersten Mal den 2024 Excellent Value Improvement Award von Toyota Motor North America auf dem jährlichen Lieferantentreffen von TMNA erhalten. Die Auszeichnung würdigt LGs herausragende Leistung in der Komponentenqualität, 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 Telematiklösungen. Die Vehicle Solution Company von LG bietet hochmoderne Telematik-Steuereinheiten (TCUs) mit 5G-Konnektivität, Vehicle-to-Everything (V2X)-Kommunikation und verbesserten Cybersicherheitsmaßnahmen.
Die Bewertung für die Auszeichnung berücksichtigte mehrere Kriterien, darunter Technologieentwicklung, Lieferantendiversität, Wertsteigerung, Qualität und Förderung der Wertschöpfungskette. 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 www.LG.com/global/mobility. To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at www.LG.com/global/mobility/newsletter and follow the LG VS Company LinkedIn channel at www.linkedin.com/company/lgvehiclesolution.
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SOURCE LG Electronics
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