Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
LG Innotek Co. Ltd. has recently acquired three patents deemed critical for expanding its electric vehicle (EV) charging technologies, marking a significant step in its global market strategy.
LG Innotek's new patents will help the company in its push to accelerate its bid for the global EV market. Moreover, the company expects the patents to drive it forward until it fulfills its parent company, LG Group's vision for its EV business unit.
LG Innotek's Patented Technology
On Sunday, Oct. 15, the company revealed that Via LA, an American licensing company, granted its licensor status. The approved patents are for three of its EV charging innovations. Since the products were already patented under its name, LG Innotek can collect royalties from other companies to use its licensed technology.
As per Korea Joongang Daily, Via LA granted licenses to less than ten companies worldwide, mostly related to EV charging. The firms include Germany's Siemens and Bosch and America's GE.
Two of LG Innotek's patented applications are related to controlling charging based on the battery status. The third one has something to do with reserving charging time.
"Obtaining original technology is more important than anything else in becoming an industry's No. 1," LG Innotek's intellectual property business head, Kim Ji Hyun, said in a statement. "Acquiring and managing patents and intellectual property is important in that sense. LG Innotek will continue to generate value through research and development utilizing such intellectual property."
The Company's Next Growth Engine
The Korea Times reported that LG Innotek considers its businesses related to EVs as its next major growth engine. The South Korean electronic parts manufacturing firm is expanding its base to secure more important tech patents in the autonomous driving sector.
Finally, besides the wired EV charging trade, LG Innotek established itself in various business lines, such as power conversion for EVs, wireless charging, and external chargers.
Photo by: LG Innotek Newsroom
