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LG, Altair build AI-powered validation platform for automotive parts

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๐Ÿ”– Topics: Partnership

๐Ÿญ Vertical: Automotive

๐Ÿข Organizations: LG, Altair


LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, said on Wednesday it has joined forces with Altair Engineering Inc., a US tech firm, in developing an AI-powered validation platform for automotive parts.

Integrating AI technology into the vehicle component development process will provide LGโ€™s clients with more reliable and high-quality solutions for products, including infotainment systems, LG said. The South Korean electronics company said the new platform leverages a machine learning algorithm to accurately predict and measure product performance from an early stage of the design validation process.

Read more at Korea Economic Daily

LG Energy to invest $451 mn in mass production of Teslaโ€™s 4680 battery cells

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โœ๏ธ Authors: Hyung-Kyu Kim, Han-Shin Park

๐Ÿข Organizations: LG, Tesla


LG Energy Solution Ltd. announced Monday it will invest 580 billion won ($451 million) to manufacture battery cells for Austin-based Tesla, Inc. The battery-making arm of LG Corp. plans to add 9 gigawatt-hours (GWh) worth of production capacity for the new 4680 cylindrical batteries at its No. 2 Ochang factory. The battery maker also announced it would invest 150 billion won in the No. 1 Ochang factory to add 4 GWh worth of production capacity to manufacture the existing 2170 cylindrical battery cells. The 4680, expected to be mass produced next year, is composed of nickel, cobalt, manganese and aluminum (NCMA). The new battery has an increased nickel composition of up to 95% and added aluminum.

Read more at Korea Economic Daily

MakinaRocks raises $10M in Series A

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๐Ÿ”– Topics: Funding Event

๐Ÿข Organizations: MakinaRocks, LG, Hyundai


MakinaRocks, an industrial AI solutions startup aiming to revolutionize the world of manufacturing, announced today that it has successfully raised $10 million in Series A funding from prestigious global investors. MakinaRocks expects to use the funds to expand the companyโ€™s portfolio and develop a Software as a Service (SaaS) platform built on the existing on-premise solutions to secure domestic and international customers. The company is actively hiring skilled individuals in data analysis, AI development, and business development.

Read more at MakinaRocks News