Technology

LG Innotek aims to grow its Vehicle Sensing Solution business into a 1.4 billion USD operation by 2030

Published

2 years ago

July 3, 2024

To newly establish a LiDAR business organization directly under the CEO recentlyTo strengthen Vehicle Camera Module business capability via equity investment, product enhancement, and factory expansion.To become a ‘Vehicle Sensing Total Solution Provider’…providing differentiated customer values

SEOUL, South Korea, July 3, 2024 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) is poised to accelerate growth in the vehicle sensing solution business by leveraging its leading-edge optical technology to drive innovation in the future mobility sector.

At a press conference held in March, LG Innotek CEO Moon, Hyuksoo outlined his plans, stating, “We will identify a new business opportunity where we can leverage our company’s distinctive ‘No. 1 know-how’ in the mobile camera module industry to establish a robust business portfolio.”

The sensing solution business for AD (Autonomous Driving) & ADAS (Advanced Driver Assistance System) is one of the most promising areas where the CEO’s management strategy can be implemented with the greatest impact.

The paramount concern in the autonomous driving market, which is emerging as a key area for future vehicles, is the safety of both drivers and pedestrians. If a vehicle cannot accurately detect obstacles that hamper driving, it may lead to a serious accident. This is the reason why car makers are investing in advanced vehicle sensing solutions.

To newly establish a LiDAR business organization directly under the CEO recently

LG Innotek has identified ‘High Performance LiDAR’ as a key pillar of its Vehicle Sensing Solution business and is pursuing a targeted approach to the LiDAR market.

In particular, LG Innotek has recently established a dedicated business division for LiDAR, reporting directly to the CEO. The development and business of LiDAR, previously dispersed across the existing optical solution business division and CTO, have been consolidated under the LiDAR business division. This organisational restructuring was driven by the CEO’s strong desire to oversee the LiDAR business directly and to enhance capabilities and operational efficiency.

LG Innotek has been consistently strengthening its core capacity to engage in the LiDAR business since 2015. Last year, LG Innotek acquired 77 US patents related to LiDAR from a US autonomous driving startup company. The company currently holds over 300 patents related to LiDAR.

To strengthen Vehicle Camera Module business capability via equity investment, product enhancement, and factory expansion.

Another product line that LG Innotek has identified as a key pillar is high-value added vehicle camera modules.

The majority of camera modules mounted on vehicles that have been commercialised to date tend to fulfil only the basic function of filming and have low added value as products. However, as we enter the era of autonomous driving, the vehicle camera modules must take on the role of the eyes of a driver. It is therefore vital that vehicle camera modules are equipped with enhanced sensing capabilities.

In line with such trends, LG Innotek has entered into a contract for equity investment with AOE Optronics (hereinafter referred to as ‘AOE’) to enhance its capabilities in the vehicle camera module business.

Recently, there has been a notable increase in demand for ‘Aspherical Glass Lenses’, a key component for high-resolution cameras in the autonomous driving vehicle industry. AOE has considerable expertise in manufacturing technologies for this specific area. By working closely with AOE, LG Innotek is able to accelerate the development of high-value camera modules.

Furthermore, in February 2024, LG Innotek launched a ‘High-Performance Heating Camera Module’, designed to rapidly defrost vehicle camera lenses in cold weather conditions. This module maintains its original size while adding a heating function to offer customers enhanced value.

LG Innotek is currently developing a high heat-generating material that can accelerate heating even faster than the current product. The company intends to conduct performance verification on the ultra-high-speed heating camera modules incorporating this material.

Moreover, LG Innotek is developing camera modules with a washing function to remove foreign substances like dust from the lens while driving. These will enable the company to expand its high-value-added vehicle camera module portfolio.

The company is also investing in facilities to occupy the vehicle camera module market.

In addition, LG Innotek purchased approximately 99,173 square meters of land near its manufacturing subsidiary in San Juan de Rio, Mexico, with the intention of expanding its factory last year. The newly expanded factory is scheduled to commence mass production of vehicle camera modules in the second half of next year.

An official from LG Innotek commented, “The decision to locate the vehicle camera module production hub in Mexico was driven by our strategy to enhance our ability to serve customers in the North American region, where major car makers are concentrated, by making good use of the geographical proximity.”

To become a ‘Vehicle Sensing Total Solution Provider’…providing differentiated customer values

LG Innotek aims to become a market leader in AD/ADAS sensing solutions by offering differentiated customer value as a ‘Vehicle Sensing Total Solution Provider’ that encompasses vehicle interior and exterior solutions.

It is well-known that global car manufacturers developing autonomous driving vehicles have established various strategies for adopting different sensing components.

LG Innotek intends to continue improving the performance of vehicle camera modules in response to customers who are interested in adopting only vehicle camera modules.

Furthermore, the company is actively seeking to attract customers by implementing ‘Sensor Fusion’, which combines vehicle camera modules and LiDAR through software.

This will enable the company to offer customers a wider range of sensing parts for installation on a vehicle’s exterior and a ‘In-Cabin Vehicle Camera Module’ that can be employed for various purposes inside a vehicle, such as teleconferencing, entertainment, and infant monitoring.

The CEO stated that, based on the formula for becoming No. 1 learned from the mobile camera module business, the vehicle sensing solution business will be fostered into a business with annual sales of 1.4 billion USD by 2030 and developed as another top-ranking business.

[Reference 1] Outlook on size of global autonomous driving vehicle market
According to the global market research firm, ‘Precedence Research,’ the global autonomous driving vehicle market is forecasted to grow by an annual average of 35% from 158.3 billion USD in 2023 to approximately 2.35 trillion USD in 2032.

[Reference 2] Outlook on size of global autonomous driving LiDAR market
The global autonomous driving vehicle market is forecast to grow by an annual average of 35% from 158.3 billion USD in 2023 to approximately 2.35 trillion USD in 2032, according to the global market research firm, ‘Precedence Research’.

[Reference 3] Outlook on size of global vehicle camera module market
The market research firm S&P Global and LG Innotek’s internal analysis indicates that the global vehicle camera module market will grow at an annual average of 7% from 6.44 billion USD in 2023 to 10.03 billion USD by 2030 due to the advancement of autonomous driving technology.

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Technology

TotalEnergies ENEOS signs 15-year PPA with Thailand’s Jintana Intertrade

Published

30 minutes ago

April 22, 2026

NAKHON RATCHASIMA, Thailand, April 22, 2026 /PRNewswire/ — TotalEnergies ENEOS and Jintana Intertrade Co., Ltd. (Jintana), an established Thai garment manufacturer, signed a 15-year Power Purchase Agreement (PPA) to develop a 650 kilowatt-peak (kWp) rooftop solar photovoltaic (PV) system at Jintana’s manufacturing plant in Nakhon Ratchasima, Thailand.

The rooftop solar installation, with approximately 1,000 solar PV modules, is expected to generate over 1,000 megawatt-hours (MWh) of renewable electricity annually. This will supply around 55% of the site’s total electricity needs and will help avoid more than 480 tons of CO2 emissions annually for Jintana.

Under the PPA, TotalEnergies ENEOS will fully finance, design, install, operate and maintain the system, while Jintana buys the electricity produced throughout the duration of the agreement. This partnership offers Jintana substantial benefits, primarily through electricity cost savings, long-term energy price stability and enhanced sustainability credentials.

“We are pleased to sign this 15-year deal with Jintana, marking the start of our partnership to support their sustainability goals,” said Alexandru Buzatu, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia Pacific. “More corporates are adopting solar energy to reduce costs and meet sustainability targets. Integrating on-site solar power into manufacturing operations is a practical and effective approach for companies to reduce emissions and secure cleaner electricity for the long term.”

“Signing this project with TotalEnergies ENEOS represents an important milestone in Jintana’s sustainability journey. We are pleased to contribute to emissions reduction through the adoption of renewable energy at our manufacturing site and to take a meaningful step toward more sustainable operations. We hope this project will serve as a strong foundation for further progress, and we remain committed to supporting a lower-carbon future,” said Savitee Thanalongkorn, CEO of Jintana Intertrade Co., Ltd.

To learn more about TotalEnergies ENEOS tailored solar solutions, check out the free brochure, or contact directly for more information.

***

About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia

TotalEnergies and electricity
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the beginning of 2026, TotalEnergies has more than 34 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.

ENEOS Corporation and renewables electricity
ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan Region. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources.

About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses.

TotalEnergies ENEOS Contact
Media Relation: contact.solar.asia@totalenergies.com

About Jintana Intertrade Co., Ltd.
Jintana Intertrade Co., Ltd. is a long-established Thai intimate apparel company with more than 65 years of heritage. The company operates across two core business areas: the development and retail of its own brand, and manufacturing for both its branded business and OEM export customers. Built on a foundation of sincerity, quality and continuous improvement, Jintana combines trusted brand heritage with established manufacturing expertise to serve evolving customer needs in both domestic and international markets.

Jintana Intertrade Co., Ltd. Contact
Media Relation: marketing@jintana.com

TotalEnergies on social media

X: @TotalEnergiesLinkedIn: TotalEnergiesFacebook: TotalEnergiesInstagram: TotalEnergies

Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

Cautionary Note ENEOS Corporation
The terms “ENEOS”, “ENEOS Group” in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.

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SOURCE TotalEnergies ENEOS Renewables Distributed Generation Asia

Technology

Taiwan’s Smart Tolling Technology Goes Global as Thailand Launches AI-Powered M81 Motorway System

Published

1 hour ago

April 22, 2026

TAIPEI, April 22, 2026 /PRNewswire/ — Sightings of electronic toll collection (ETC) gantries resembling those used on Taiwan’s freeways have recently drawn attention on social media along the Bangkok–Kanchanaburi highway. Far Eastern Electronic Toll Collection Co., Ltd. (FETC) confirmed that the system is part of Thailand’s newly launched M-Flow multi-lane free-flow tolling system on the Intercity Motorway No. 81 Bang Yai – Kanchanaburi Route (M81).

Developed in collaboration with FETC International (Thailand) Co., Ltd. (FETCi Thailand) and the BGSR81 Co., Ltd, the system has officially entered operation, marking a significant milestone in Thailand’s transition toward smart, digitally enabled highway infrastructure.

The launch also strengthens connectivity between Bangkok and Kanchanaburi, effectively creating a “one-day travel corridor” and supporting regional tourism and economic activity.

AI-Driven Tolling Cuts Travel Time to 48 Minutes

According to Kenny Chen, Managing Director of FETCi Thailand, the M81 project demonstrates the flexibility and scalability of Taiwan’s ETC technology in complex international environments.

FETCi Thailand led the design, installation, and implementation of the tolling system and its Traffic Operations Center (TOC). The platform integrates artificial intelligence (AI) and Internet of Things (IoT) technologies to enable data-driven traffic management and operational decision-making. It is also designed for future expansion, including applications such as weigh-in-motion enforcement.

Thailand’s diverse vehicle types and more complex license plate formats presented technical challenges. These were addressed through advanced AI-powered automatic license plate recognition (ALPR), ensuring high accuracy in vehicle identification. Combined with multiple digital payment options, the system allows vehicles to pass through toll points without stopping.

Since its launch, travel time between Bangkok and Kanchanaburi has been reduced from nearly two hours to approximately 48 minutes. Weekend traffic volumes have reached around 55,000 vehicles per day, improving both tourism access and logistics efficiency in western Thailand.

M9 Experience Highlights Strong Economic and Environmental Benefits

FETC has also supported Thailand’s Department of Highways (DOH) since 2022 in deploying and operating the M-Flow system on the M9 motorway, including gantry design and operational consulting.

According to DOH data, the system has increased traffic throughput fivefold and saves motorists an estimated 3.33 million hours annually. It has achieved a benefit-cost ratio of 6.94, meaning each dollar invested generates nearly seven dollars in overall societal value.

In environmental terms, the system reduces fuel consumption by approximately 13.91 million liters per year and cuts carbon emissions by more than 36,000 metric tons, contributing to more sustainable transportation.

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SOURCE FETC International

Technology

Critical Link Launches World’s First AI-Driven SOM Recommendation Engine, Powered by Rapidflare

Published

1 hour ago

April 22, 2026

Critical Link and Rapidflare have jointly launched the world’s first AI-driven System on Module Recommendation Engine. Engineers can now describe their requirements in plain language and receive accurate, tailored SOM recommendations in seconds. Together, the two companies are redefining how electronics teams discover and select embedded solutions.

SAN JOSE, Calif., April 21, 2026 /PRNewswire-PRWeb/ — Critical Link LLC, a leader in system-on-module solutions, has introduced the world’s first AI-driven System on Module Recommendation Engine, powered by Rapidflare’s Rapid Product Selection Agent. The new engine advances Critical Link’s mission to help customers bring embedded products to market faster and more cost-effectively.

Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs. – Amber Thousand, Sr. Director of Marketing, Critical Link

In the electronics industry, selecting the right product often requires manually comparing hundreds of pages of datasheets or relying on rigid parametric search tools. Critical Link’s SOM Recommendation Engine is set to change that. With Rapidflare’s conversational AI agent, customers can describe their requirements in natural language and receive tailored recommendations in a fraction of the time.

“For years customers have asked for a better way to find the right SOM for their application. Launching this AI-driven engine with Rapidflare’s technology is a game changer,” said Amber Thousand, Sr. Director of Marketing at Critical Link. “Their accuracy, domain expertise, and speed of integration made them the clear choice to support our mission.”

Unlike generic AI agents, Rapidflare’s technology is purpose-built for complex product selection workflows. It combines knowledge graph-based reasoning, domain-specific intelligence, and industry guardrails to deliver recommendations that are both fast and reliable for electronics teams.

“The best partnerships happen when your mission aligns with your partner’s mission,” said Navanee Sundaramoorthy, CEO and Founder at Rapidflare. “We’re proud to partner with Critical Link to help make SOM product selection more seamless, intuitive, and efficient for their team and customers.”

Beyond accelerating product selection, the AI engine gives engineers a new way to engage with Critical Link. “We’ve always offered thorough documentation and product support to customers via our website, our engineering wiki, and personal contact. Adding the SOM Recommendation Engine creates a more efficient path for self-discovery, which we see as a growing trend,” said Thousand. “Together, Rapidflare and Critical Link are combining their strengths to make the journey from concept to product faster, smarter, and more closely aligned with customer needs.”

To explore Critical Link’s SOM Recommendation Engine, visit https://www.criticallink.com/som-recommendation-ai-agent/.

To learn more about Rapidflare and its AI-powered product selection solutions, visit Rapidflare’s website: https://www.rapidflare.ai/

About Rapidflare

Rapidflare builds AI-powered domain specific agents for electronics, semiconductors, and other technically complex industries. Its product intelligence powered AI platform gives teams natural-language access to product and engineering knowledge, making it easier to find accurate answers, support customers, and move faster across critical workflows. Rapidflare multiplies the impact of GTM teams by making critical technical knowledge instantly accessible, helping sales, solutions engineering, product marketing, support, and customer success teams move faster and operate with confidence. For more information, visit rapidflare.ai

About Critical Link

Critical Link designs and manufactures CPU-based, FPGA-based, and DSP-based system-on-modules (SOMs) for industrial electronic applications. Its production-ready embedded solutions help customers bring products to market faster and at lower cost by reducing development complexity, risk, and time spent building core processing subsystems from scratch. With a focus on product quality, long-term availability, lifecycle support, and close customer engagement, Critical Link serves OEMs across a wide range of industrial and technically demanding applications. For more information, visit the website: criticallink.com

Media Contact

Balpreet, Rapidflare, 1 2068614231, balpreet@rapidflare.ai, rapidflare.ai

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SOURCE Rapidflare