Samsung Electronics Chairman Lee Jae-yong will meet with Mercedes-Benz Chairman Ola Källenius subsequent week. The 2 leaders are anticipated to debate in depth enterprise cooperation in automotive digital and electrical gear, batteries, and different areas. Given the sample of large-scale orders following Lee’s conferences with main international company leaders, the potential of a significant provide contract between the 2 corporations following this assembly has been raised.
In line with enterprise circles on Nov. 6, Lee will meet with Källenius, who will go to Korea on Nov. 14 to attend the Mercedes-Benz Convention. The 2 are scheduled to satisfy privately at Samsung Electronics’ Seocho headquarters to debate enterprise cooperation, with Samsung Show President Lee Cheong and Samsung SDI President Choi Joo-sun more likely to be a part of the assembly.
Business watchers anticipate Lee and Källenius to develop the scope of cooperation between the 2 corporations to semiconductors, shows, batteries, and different areas. Particularly, this assembly is anticipated to incorporate particular discussions on Samsung Electronics supplying natural light-emitting diode (OLED) panels to Mercedes-Benz luxurious autos. Samsung Electronics’ subsidiary Harman presently provides the next-generation infotainment system MBUX platform utilized to Mercedes-Benz’s luxurious electrical car EQS. Mercedes-Benz has determined to section out its electrical vehicle-only model EQ. Accordingly, discussions are underway to collectively provide Harman’s MBUX and Samsung Show’s OLED to Mercedes-Benz’s new fashions.
Moreover, collaboration for Samsung SDI to produce batteries to Mercedes-Benz electrical autos can be anticipated to be mentioned. Amongst Germany’s three main automakers, Mercedes-Benz is the one model that doesn’t use Samsung SDI’s electrical car batteries. Mercedes-Benz presently receives batteries from home battery producers LG Power Answer and SK On. Discussions for Samsung Electronics to produce automotive semiconductors to Mercedes-Benz are additionally anticipated. An business official defined, “Particular cooperation issues akin to provide contracts can be mentioned individually intimately based mostly on the outcomes of the assembly between the 2 chairmen.”
In the meantime, throughout his go to to Korea, Källenius is pursuing conferences with numerous companion corporations past Samsung. Conferences are anticipated with high executives of main LG associates associated to automotive electronics, together with battery provider LG Power Answer and LG Electronics, LG Show, and LG Innotek. Källenius additionally met with LG Vice Chairman Kwon Bong-seok, LG Electronics Chief Government Officer (CEO) Cho Joo-wan, LG Show President Jeong Cheol-dong, and LG Innotek CEO Moon Hyuk-soo at Mercedes-Benz headquarters in Stuttgart, Germany in March final yr.
