SEOUL,
South Korea, Aug. 6, 2023
/PRNewswire/ -- LG Display, the world's leading innovator of
display technologies, announced today that it has received a 'Bosch
Global Supplier Award.' The company receives this prestigious award
in the category "raw materials and components", demonstrating its
unmatched leadership in the automotive display market.
The Bosch Group, a global leading supplier of technology and
services, reserves its "Bosch Global Supplier Award" for only 46
suppliers from 11 countries of roughly 35,000 suppliers worldwide
in this year, recognizing the most outstanding performers in the
manufacturing and supply of raw materials, products, and services
on a biennial basis since 1987.
LG Display and Bosch have engaged in a decade of strategic
collaborations since 2012, during which LG Display has demonstrated
distinctive technical capabilities, stringent quality management,
and reliable supply capabilities. The company is well known for
successful incorporating automotive OLED displays into premium
automotive brands' next generation of projects.
As a leading global supplier of digital clusters (instrument
clusters) and center fascias (central control units) to top-tier
automotive component makers and original equipment manufacturers
(OEMs), LG Display continues to lead the market having achieved the
highest global market share for the 5th consecutive year
from 2018 to 2022 – based on revenue generated by premium
automotive displays measuring 10 inches or larger.
LG Display leverages its technological prowess in automotive
OLEDs and high-end LCD displays to expand sales and orders while
enhancing its position as the industry's global leader.
LG Display set a new standard for mobility when it introduced
the world's first Tandem OLED for automotives back in 2019. Tandem
OLED embodies its groundbreaking two-stack OLED technology, where
an extra organic emitting layer is added to the existing layer to
deliver brighter screens while effectively dispersing energy across
OLED components for optimal stability and a longer lifespan. LG
Display will start mass-producing its second-generation Tandem
OLED, which heightens the efficiency of organic light-emitting
components, this year to further widen the technological gap
between itself and competitors.
P-OLED is LG Display's unique technology that incorporates
innovative Tandem OLED into a flexible plastic substrate to make
the design slim and light while maintaining unrivaled picture
quality unique to OLEDs. P-OLED uses 60% less power and weighs 80%
lighter than LCD displays, making it the ultimate solution for
electric vehicles in particular. Moreover, the company's automotive
P-OLED has received the Eco-Product
Certification Mark from SGS, a global leader in inspection,
verification, testing, and certification, recognizing their
excellence in minimizing the use of hazardous substances.
Moreover, LG Display has been strengthening its competitive edge
in the market with its various products and technologies, including
ATO (Advanced Thin OLED), which delivers the core strength of OLED
for automotive displays at a more competitive price point, LTPS
LCD, which excel in large-scale implementation and high-resolution
rendering, IPS (In-Plane Switching), which significantly enhanced
the viewing angles, SPM (Switchable Privacy Mode), which controls a
viewing angle for safe driving. What's more, it has become the
first in the industry to introduce a flame-resistant certification
program to every automotive panel in order to boost safety and
stability.
"We are extremely proud to have been recognized as automotive
display maker by Bosch. This award acknowledges our endless pursuit
of the perfect customer experience, a journey that promotes
innovation at every step of the way which enables us to deliver
unparalleled technologies, quality, and support to our customers,"
said Byeong-koo Kim, Senior Vice President and Head of Auto
Business Group at LG Display. "We will continue to strengthen our
order-based business's competitiveness based on our revolutionary
technologies, especially P-OLED and LTPS LCD."
About LG Display
LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's
leading innovator of display technologies, including thin-film
transistor liquid crystal and OLED displays. The company
manufactures display panels in a broad range of sizes and
specifications primarily for use in TVs, notebook computers,
desktop monitors, automobiles, and various other applications,
including tablets and mobile devices. LG Display currently operates
manufacturing facilities in Korea and China, and back-end assembly facilities in
Korea, China, and Vietnam. The company has approximately 70,707
employees operating worldwide. For more news and information about
LG Display, please visit www.lgdisplay.com.
Media Contact:
TaeHyun Tommy Jang, Assistant
Manager, Global PR Team
Email: tommy.jang@lgdisplay.com
Joo Yeon Jennifer Ha, Manager,
Global PR Team
Email: hjy05@lgdisplay.com
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SOURCE LG Display