LG Electronics Expands AI Autonomous Driving Tech with Acquisition of US Robotics Firm, Bear Robotics

1. LG Electronics and Bear Robotics: Expanding Robotics Through Collaboration

• What is Bear Robotics?
  • US-based AI autonomous driving commercial robotics company.
  • Core Technologies:
    • Robotics Software Platform Development.
    • Swarm Control Technology: Simultaneous control of multiple robots via optimized paths.
    • Cloud Management Solutions: Enables remote management and data utilization.
  • Flagship Product: ‘Servi Plus,’ an AI autonomous delivery robot.
• LG Electronics’ Move:
  • March 2023: Acquired a 21% stake in Bear Robotics for approximately ₩86 billion.
  • January 2025: Announced plans to acquire an additional 30% stake, securing a 51% controlling interest.
  • Total Investment: Approximately ₩260 billion, resulting in securing management control.

2. LG Electronics’ Strategy: Enhancing Competitiveness Through Robotics Business Integration

• Business Restructuring and Integration:
  • LG Electronics’ in-house commercial robotics division is set to merge with Bear Robotics.
  • Bear Robotics to be incorporated as a subsidiary of LG Electronics to target the global robotics market.
• Retention of Management:
  • Bear Robotics CEO, Ha Jung-woo, and key management personnel will remain in their positions.
  • LG Electronics’ board participation to create business synergy.
• Completion Timeline:

*   Integration and subsidiary incorporation are scheduled for completion in the **first half of 2025**.

3. Anticipated Effects of Business and Technological Expansion

• Expanded Global Robotics Market Share:
  • Integration with LG Electronics enables a global reach for their robotics solutions.
  • Anticipated to gain a technological advantage in the commercial AI-based robotics market.
• Reinforced AI and Robotics Fusion Technology:
  • Combination of LG Electronics’ electronics/home appliance technology and Bear Robotics’ autonomous driving technology.
  • Provision of customized robotic solutions suited for the Digital Transformation (DX) era.
• Cloud and IoT Utilization:

*   Digitalization of data analysis and robot management via cloud control systems.
*   Increased productivity through the integration of IoT technology connected to smart industrial sites.

4. Why Is This Important? LG Electronics’ Direction of Innovation

• AI and Robotics Market Trends:
  • Acceleration of unmanned and automation in the post-COVID era.
  • Growing demand for autonomous robots in commercial sectors such as restaurants, hospitals, and logistics.
• LG Electronics’ Competitive Advantage:
  • Securing a new growth engine by merging existing home appliance and mobility technologies with robotics technology.
  • AI-centric technology development that surpasses competitors.

5. Conclusion: LG Electronics’ Vision for the Future

• With the acquisition of Bear Robotics, LG Electronics is poised to become a leader in AI and autonomous driving technology. As robotics technology is adopted across industries, LG Electronics’ actions will garner increased attention.
• This integration will be a major turning point for innovative business models and market share expansion.

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Keep an eye on future news, and let’s watch LG Electronics’ innovative changes unfold!

*Source URL:
https://www.hani.co.kr/arti/economy/economy_general/1179681.html#cb