Market Chatter: LG Electronics Deploys R16-Based 5G Telematics System in European Production Car

MT Newswires Live08-19 16:57

LG Electronics (KRX:066570) deployed the first R16-based 5G smart telematics system in a mass-produced vehicle in Europe, applying the technology to a European automaker's production model, The Korea Times reported Wednesday.

The R16-based smart telematics system offers a 0.001% data error rate and one-millisecond transmission latency, improving reliability and speed over the previous R15 standard. It supports software- and AI-defined vehicles, including over-the-air updates, vehicle-to-everything communications, and high-volume data transmission for autonomous driving systems, the report said.

The system brings together a communications module with up to 12 antennas in a single hardware unit, lowering signal loss, wiring, and installation requirements, it said.

Shares of LG Electronics fell over 3% at market close.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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