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LG Innotek Accelerates Its Expansion into the Automotive Communication Component Market with Its Next-generation Digital Key solution

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Killing three birds—localization accuracy, security, and compatibility—with one stoneAiming for mass production in 2027: “Will solidify standing as a leading company in the automotive communication component market”

SEOUL, South Korea, Aug. 1, 2024 /PRNewswire/ — LG Innotek (CEO Moon, Hyuksoo) is gearing up to take the lead in the automotive communication component market with its cutting-edge ‘Digital Key solution’. 

The Digital Key is highlighted as a next-generation car key that can be used to open, lock, and start the car using a smartphone connected to the vehicle through wireless communication technology. Users will no longer need to carry a separate car key, eliminating the worry of misplacing it. And since the car can be started only with a smartphone connected to the digital key, there is a low risk of theft.

With the recent growth of the vehicle sharing industry, including car sharing and car rental, the demand for digital keys is on the rise. According to the global market research firm Persistence Market Research, the automotive digital key market is expected to more than quadruple, from USD 3.0167 billion in 2023, reaching USD 11.3813 billion in 2033.

LG Innotek has continuously enhanced the performance of its products since it first launched a ‘Digital Key Module for Vehicles’ in 2021. Now, it has developed a ‘Next-Generation Digital Key solution’ that significantly enhances the safety and convenience of passengers.

This product is a package of not only a digital key module installed with an antenna and circuitry but also software to operate the digital key. It places the company in a highly advantageous position in the automotive communication component market.

Killing three birds—localization accuracy, security, and compatibility—with one stone

LG Innotek’s ‘Next-Generation Digital Key solution’ incorporates the unrivalled wireless communication technology capabilities that the company has accumulated over the past 40 years.

It is equipped with short-range communication technologies, including Bluetooth Low Energy (BLE) and Ultra Wideband (UWB). UWB is a wireless communication technology that uses a wide bandwidth frequency that is less prone to interference than BLE. This technology plays a crucial role in accurately measuring the location of the smartphone connected to the digital key. This is complemented by the company’s proprietary algorithm, which accurately detects the smartphone’s location to within 10cm. This industry-leading performance is expected to significantly reduce the failure rate of existing digital keys.

Operating based on short-range wireless communication, LG Innotek’s ‘Next-Generation Digital Key solution’ is significantly more secure than the existing solution that is currently available on the market. This is because the risk of remote hacking cannot be ruled out due to the wide coverage of the long-range communication method used.

In particular, the product is equipped with the company’s independently-developed wireless communication hacking prevention technology to ensure that the digital key function can be activated only by the smartphone authorized by the user. This solves the security issue that has been pointed out as the biggest vulnerability of connected cars.

In addition, it adheres to the latest standards of the ‘Car Connectivity Consortium (CCC)’, a global digital key standardization organization. It can be used regardless of country, terrain, or vehicle type and is compatible with a wide range of smartphones. It is also designed to be interoperable with both iOS and Android operating systems, enhancing user convenience.

Furthermore, the ‘Next-Generation Digital Key solution’ is equipped with a radar that was developed in-house to provide additional functions that enhance safety and convenience.

An example is the ‘Child Presence Detection (CPD)’ function for when a child is left in the vehicle. The radar instantly detects the child’s movement or breathing and sends a real-time alert to the user’s smartphone.

In 2022, 33 children in the United States lost their lives from heatstroke after being left alone in a car. To prevent similar accidents in the future, the United States and Europe are planning to make in-car CDP systems mandatory in 2025.

Most importantly, LG Innotek’s ‘Next-Generation Digital Key solution’ is the smallest in the industry. More than 60 components and modules for BLE and UWB wireless communication, including RF (radio frequency) and power supply devices and in-house developed software, are packed into a solution smaller than a business card. This provides differentiated customer value, including greater design freedom.

Aming for mass production in 2027: “Will solidify standing as a leading company in the automotive communication component market”

LG Innotek has set 2027 as its target year for full-scale mass production of its ‘Next-Generation Digital Key solution’ and is actively promoting it to global customers of fully-built units.

In addition to this, it is accelerating efforts to capture the automotive communication component market with the second-generation ‘5G-V2X Communication Module’ that it developed last year. The company recently won an order for this module from a global automaker and expects to expand its sales volume of vehicle communication modules by more than four times this year compared to last year.

LG Innotek CEO Moon said, “LG Innotek will continue to foster automotive communication components based on its unparalleled wireless communication source technology as the core pillar of its electronic component business.” He then added, “We will continue to present products that offer differentiated customer value and solidify our position as a leader in the global automotive communication component market.”

 

 

 

 

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HiTHIUM Partners with the University of Cambridge to Advance International Industry-Academia Collaboration in Long-Duration Energy Storage

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November 14, 2026

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XIAMEN, China, Nov. 14, 2026 /PRNewswire/ — On November 12, the Global Energy Storage Colloquium was held in Xiamen. During the colloquium, HiTHIUM and the University of Cambridge signed a memorandum of understanding (MoU), establishing a strategic partnership. The two parties will collaborate on frontier scientific research, key technology innovation and industrial applications in battery energy storage, bringing academic research into closer alignment with industry needs and exploring new models for international industry-academia collaboration. The partnership aims to contribute to the advancement of global energy storage technology and the industry.

The UK has a strong track record in the development of modern battery technologies and fundamental research. The University of Cambridge is one of the world’s leading universities, with internationally recognized expertise in engineering, materials science and fundamental research. As a leading global energy storage technology company, HiTHIUM has long focused on energy storage technology development and commercialization. It continues to advance integrated research and innovation across the value chain, from high-capacity energy storage cells to long-duration energy storage systems and grid integration technologies.

The collaboration is intended to bring internationally leading academic research into closer engagement with innovation across China’s energy storage industry. The University of Cambridge’s strengths in fundamental science, materials research and engineering will offer new perspectives and approaches to key scientific questions and emerging technologies in energy storage. HiTHIUM will bring its experience in long-duration energy storage (LDES), product development and large-scale deployment, connecting research with real industry needs and application scenarios, and supporting the engineering validation and commercialization of research outcomes. By drawing on the strengths of both research and industry, the partnership will strengthen the links between frontier innovation and practical applications.

Under the cooperation plan, the two parties will establish joint management and research collaboration mechanisms, bringing together academic resources and corporate R&D capabilities. They will work together to plan research projects, facilitate scientific exchange and support the translation of research outcomes, strengthening connections between fundamental research, technology development and industrial applications so that innovation in energy storage can better serve industry needs.

The partnership also marks an important step in HiTHIUM’s efforts to expand its international innovation network. Building on this collaboration with the University of Cambridge, HiTHIUM will further strengthen academic exchanges and research partnerships with leading universities and research institutions around the world. By bringing together international research resources and talent, the company aims to encourage collaboration across disciplines and technology fields, explore the development of technologies such as LDES from a global perspective, and bring technical challenges and application needs from the front lines of industry into research and innovation. This will help research and industrial practice reinforce one another.

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SOURCE HiTHIUM

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The NYSE Welcomes vVARDIS as a Publicly Listed Company

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November 14, 2026

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NEW YORK, Nov. 14, 2026 /PRNewswire/ — vVARDIS (NYSE: VVVV) co-founders Dr. Haley Abivardi and Dr. Goly Abivardi aim to reshape the future of dental care with a drill-free treatment for the world’s #1 non-communicable disease: cavities.

vVARDIS Solves a Problem that Millions FaceTooth decay affects billions of people worldwide, and dental anxiety keeps millions from getting the care they need.vVARDIS is a Swiss dental technology company focused on changing the way early tooth decay is treated.vVARDIS has introduced a new approach that aims to treat decay earlier and more comfortably for patients.Its flagship product, Curodont® Repair Fluoride Plus, uses proprietary peptide technology to help repair early-stage tooth decay by supporting the natural remineralization of enamel — simply put No drill, No needle, or No filling.Tooth Decay is One of the Most Common Health Issues in the World2.5 billion people globally live with untreated tooth decay.Nearly 90% of U.S. adults have experienced tooth decay.Nearly 73% of U.S. adults report dental fear.21% avoid the dentist because of anxiety.The Story that Helped Shape vVARDISFor decades, treating early tooth decay often meant waiting until it worsened or getting a filling. The founders spent 25 years developing Curodont® Repair Fluoride Plus, a treatment that helps repair early tooth decay before it becomes a cavity.Curodont® gives dentists a way to treat early decay while making the experience easier and less intimidating for patients.The technology has already treated more than 2.5 million teethAvailable in more than 20% of U.S. dental practices

Click Here to Learn More about vVARDIS: https://www.youtube.com/watch?v=T1p9hUR5Glk

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Innovative Immunology Biotech Windward Bio Lists on Nasdaq

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November 14, 2026

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SHANGHAI, Nov. 14, 2026 /PRNewswire/ — Windward Bio, a portfolio company of Qiming Venture Partners and a clinical-stage biotechnology company, successfully listed on Nasdaq on November 13, 2026. Windward Bio (Nasdaq: WWB) priced its IPO at $17.00 per share. Its shares closed at $28.50 on the first trading day, up 68% from the IPO price, giving the company a market capitalization of approximately $1.69 billion. This is Qiming Venture Partners’ 11th IPO in 2026.

Qiming Venture Partners invested in Windward Bio’s inaugural Series A financing in 2025 and continued to support the company in its Series B financing in 2026. Qiming also participated in this IPO financing round.

Windward Bio was founded in 2024 with a mission to transform the treatment paradigm for patients living with chronic inflammatory diseases through the development of differentiated biologic therapies targeting clinically validated disease pathways. Led by a team with extensive expertise across discovery, development, and commercialization, Windward Bio is advancing a pipeline of ultra-long-acting antibody medicines to improve clinical outcomes, reduce treatment burden and expand treatment options for patients with serious respiratory and dermatologic diseases, including asthma, chronic obstructive pulmonary disease (COPD) and atopic dermatitis.

Windward Bio’s lead program, WIN378, is a potentially novel anti-TSLP monoclonal antibody engineered for improved potency and extended half-life. WIN378 is currently being evaluated in POLARIS-1, a Phase 2/3 study in severe uncontrolled asthma, and SIRIUS, a Phase 2 study in COPD. The company’s pipeline also includes WIN027, a clinical-stage, long-acting bispecific antibody targeting TSLP and IL-13 with potential applications across multiple inflammatory and immunological diseases. Windward Bio holds exclusive global rights (excluding Greater China and certain Asian countries) to WIN378 through a licensing agreement with Kelun-Biotech and Harbour BioMed, and has separately licensed WIN027 from Qyuns Therapeutics.

“Qiming Venture Partners invests in differentiated, globally competitive biotech innovation designed to address significant unmet needs for patients, and Windward Bio exemplifies this approach. We believe novel, long-acting biologics will reshape the treatment of severe chronic respiratory and skin diseases, and that WIN378 and WIN027 have the potential to expand and meaningfully improve the treatment options available to patients. In the hands of Luca and his team, with their expertise and proven track record, Windward is well-positioned to deliver on this potential, and we look forward to supporting the company through its next phase of growth,” said Alexander Sinclair Wilson, Principal at Qiming Venture Partners.

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 630 fast-growing and innovative companies. Over 290 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 110 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology, Z.AI, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, StepFun, among many others.

 

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SOURCE Qiming Venture Partners

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