This is the season of cooperation and business restructuring in the automotive industry, and LG Electronics just threw their hat into the ring. According to one of the LG executives, the company announced that it will partner with the American chip maker. Qualcomm Technologies Inc. in the development of 5G automotive platforms. This is a strategic step for LG to enter the emerging automotive technology markets. 
Qualcomm is the number one leading semiconductor manufacturer and supplier in telematics and wireless automotive communications. The company is committed to deploying what it calls "next generation reliable, connected, intelligent and location-aware vehicles" with its expanding group of partners: LG, Continental AG and ZTE Corp.
Park Jong-sung, vice president of LG Electronics, said LG and Qualcomm Technologies are leaders in mobile innovation, and both companies will leverage their decades of R&D experience in the automotive industry, with a focus on automotive 5G platforms. ...
Emphasizing that LG and Qualcomm Technologies have a long history of partnerships in the connected car segment, and LG believes 5G technology is a critical component when deploying a fully connected car platform.
It is predicted that up to three quarters (75%) of all vehicles sold in 2027 will have built-in cellular connectivity, indicating a rapidly growing need for automotive technologies such as 5G.
LG has a very warm relationship with Qualcomm. In 2004, he partnered with Qualcomm to develop telematics technologies, and in 2017 the two companies signed a partnership agreement to work together on solutions for connected cars. 
Additionally, in 2019, LG and Qualcomm agreed to bolster LG's car infotainment system, webOS Auto.
In recent years, LG has been implementing its strategic plans to strengthen its position in the segment of automotive solutions in the automotive market.
Last December, LG signed a partnership agreement with Canadian auto parts maker Magna International Inc. for the production of electric vehicles and spare parts
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