LG Innotek Receives Three International Standard Essential Patents on EV charging
The company was chosen by a standard patent licensing company(Via LA) specialized in EV charging as a licensor.
October 21, 2023. By News Bureau
LG Innotek (CEO, Jeong Cheol-dong) announced on 19th that it received three international standard essential patents on EV charging.
The company was chosen by a standard patent licensing company(Via LA) specialized in EV charging as a licensor. A licensor refers to a person or a company that gives permission to another entity to use the patented technology and receives royalties in return.
Via LA has so far only registered eight companies worldwide, including GE, Bosch, Siemens, and LG Innotek, as licensors in the EV charging sector.
The International standard essential patents LG Innotek was recognized for are charging control technologies (two patents) based on battery status data and a charging reservation technology (one patent). The registration has accelerated LG Innotek's push to fully engage in the global EV component market.
LiDAR is a sensing technology of detecting the target, distance and direction, etc. by sending the light and measuring the time taken to return. The technology is seen as a key autonomous driving system applied in Advanced Driver Assistance Systems (ADAS).
Kim Jin-hyun, the Head of Intellectual Property Division at LG Innotek, says, "It's crucial that we secure the proprietary technology to become the top player in the industry, so we need to systematically manage and secure the intellectual property (IP) like patents. LG Innotek will continue to offer differentiated customer value through R&D based on original IP."
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