LG Display Wins 2023 Bosch Global Supplier Award

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LG Display, a leading innovator of display technologies, has received the 'Bosch Global Supplier Award' in the 'raw materials and components' category. This award recognizes LG Display's leadership in the automotive display market. LG Display has been collaborating with Bosch for a decade, showcasing its technical capabilities and reliable supply. The company holds the highest global market share for premium automotive displays measuring 10 inches or larger for the past five years. LG Display plans to start mass-producing its second-generation Tandem OLED this year to further solidify its position as an industry leader.

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• LG Display holds the highest global market share for premium automotive displays measuring 10 inches or larger for the past five years.
• The company plans to start mass-producing its second-generation Tandem OLED this year, enhancing its technological lead over competitors.
• LG Display's P-OLED technology offers a slim and lightweight design with excellent picture quality, making it an ideal solution for electric vehicles.
• The company's automotive P-OLED has received the Eco-Product Certification Mark for minimizing the use of hazardous substances.
• LG Display has introduced various products and technologies to strengthen its competitive edge, including ATO, LTPS LCD, IPS, and SPM.
• The company has implemented a flame-resistant certification program for automotive panels to enhance safety and stability.

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SEOUL, South Korea, Aug. 6, 2023 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it has received a 'Bosch Global Supplier Award.' The company receives this prestigious award in the category "raw materials and components", demonstrating its unmatched leadership in the automotive display market.

The Bosch Group, a global leading supplier of technology and services, reserves its "Bosch Global Supplier Award" for only 46 suppliers from 11 countries of roughly 35,000 suppliers worldwide in this year, recognizing the most outstanding performers in the manufacturing and supply of raw materials, products, and services on a biennial basis since 1987.

LG Display and Bosch have engaged in a decade of strategic collaborations since 2012, during which LG Display has demonstrated distinctive technical capabilities, stringent quality management, and reliable supply capabilities. The company is well known for successful incorporating automotive OLED displays into premium automotive brands' next generation of projects.

As a leading global supplier of digital clusters (instrument clusters) and center fascias (central control units) to top-tier automotive component makers and original equipment manufacturers (OEMs), LG Display continues to lead the market having achieved the highest global market share for the 5^th consecutive year from 2018 to 2022 – based on revenue generated by premium automotive displays measuring 10 inches or larger.

LG Display leverages its technological prowess in automotive OLEDs and high-end LCD displays to expand sales and orders while enhancing its position as the industry's global leader.

LG Display set a new standard for mobility when it introduced the world's first Tandem OLED for automotives back in 2019. Tandem OLED embodies its groundbreaking two-stack OLED technology, where an extra organic emitting layer is added to the existing layer to deliver brighter screens while effectively dispersing energy across OLED components for optimal stability and a longer lifespan. LG Display will start mass-producing its second-generation Tandem OLED, which heightens the efficiency of organic light-emitting components, this year to further widen the technological gap between itself and competitors.

P-OLED is LG Display's unique technology that incorporates innovative Tandem OLED into a flexible plastic substrate to make the design slim and light while maintaining unrivaled picture quality unique to OLEDs. P-OLED uses 60% less power and weighs 80% lighter than LCD displays, making it the ultimate solution for electric vehicles in particular. Moreover, the company's automotive P-OLED has received the Eco-Product Certification Mark from SGS, a global leader in inspection, verification, testing, and certification, recognizing their excellence in minimizing the use of hazardous substances.

Moreover, LG Display has been strengthening its competitive edge in the market with its various products and technologies, including ATO (Advanced Thin OLED), which delivers the core strength of OLED for automotive displays at a more competitive price point, LTPS LCD, which excel in large-scale implementation and high-resolution rendering, IPS (In-Plane Switching), which significantly enhanced the viewing angles, SPM (Switchable Privacy Mode), which controls a viewing angle for safe driving. What's more, it has become the first in the industry to introduce a flame-resistant certification program to every automotive panel in order to boost safety and stability.

"We are extremely proud to have been recognized as automotive display maker by Bosch. This award acknowledges our endless pursuit of the perfect customer experience, a journey that promotes innovation at every step of the way which enables us to deliver unparalleled technologies, quality, and support to our customers," said Byeong-koo Kim, Senior Vice President and Head of Auto Business Group at LG Display. "We will continue to strengthen our order-based business's competitiveness based on our revolutionary technologies, especially P-OLED and LTPS LCD."

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

TaeHyun Tommy Jang, Assistant Manager, Global PR Team
Email: tommy.jang@lgdisplay.com

Joo Yeon Jennifer Ha, Manager, Global PR Team
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

FAQ

What award did LG Display receive?

LG Display received the 'Bosch Global Supplier Award' in the 'raw materials and components' category.

Who is LG Display's collaborator for a decade?

LG Display has been collaborating with Bosch for a decade.

What is LG Display's market share for premium automotive displays?

LG Display holds the highest global market share for premium automotive displays measuring 10 inches or larger for the past five years.

What technology does LG Display plan to mass-produce this year?

LG Display plans to start mass-producing its second-generation Tandem OLED this year.

What are the advantages of LG Display's P-OLED technology?

LG Display's P-OLED technology offers a slim and lightweight design with excellent picture quality, making it an ideal solution for electric vehicles.

Has LG Display received any certification for its automotive P-OLED?

Yes, LG Display's automotive P-OLED has received the Eco-Product Certification Mark for minimizing the use of hazardous substances.

What are some of the products and technologies introduced by LG Display?

LG Display has introduced various products and technologies, including ATO, LTPS LCD, IPS, and SPM.

What program has LG Display implemented for automotive panels?

LG Display has implemented a flame-resistant certification program for automotive panels to enhance safety and stability.