LG Shares Jump 24% After Google-Backed Car Cockpit Reveal

LG Electronics’ stock climbed more than 24% in Seoul on Friday after the company unveiled an Android Automotive-based multi-display cockpit platform built with Google and running on Qualcomm processors.

The platform can manage instrument clusters, center displays and passenger screens from a single system-on-chip while using LG’s resource-allocation software to keep performance steady across different display sizes and aspect ratios.

LG’s design removes the need for a separate control chip for each screen. Automakers are adding more displays to vehicle cabins, and separate control hardware increases cost and engineering work.

Patrick Brady, vice president of Android Automotive at Google, described the system as delivering “seamless multi-display integration, intuitive voice controls, and stable performance” powered by a single SoC.

Android Automotive OS is already used by Volvo, General Motors, Ford and Renault, creating an established software ecosystem that LG’s platform will operate within.

Suppliers including NXP, Renesas and Nvidia are competing in the cockpit and vehicle-computing market. Market forecasts project the Android Automotive OS market to grow from about $895.6 million in 2025 to roughly $2.1 billion by 2035.

LG’s vehicle solutions unit reported record first-quarter revenue of 3.64 trillion won and operating profit of 212 billion won, with an operating margin above 6% for the first time. The company has disclosed a vehicle-solutions backlog of about 100 trillion won.

Market-data providers continue to show a Buy consensus on LG, although the stock’s recent surge has pushed it above the average analyst target.