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LG Electronics to Become Largest Shareholder in U.S.-based Robotics Startup

LG Electronics to Become Largest Shareholder in U.S.-based Robotics Startup

SEOUL, Jan. 24 (Korea Bizwire) — LG Electronics Inc. said Friday it has decided to secure management rights to a California-based artificial intelligence (AI) robotics startup as part of its push to expand its robotics business. At its board of directors meeting, LG Electronics decided to increase its stake in Bear Robotics to 51 percent [...]

LG Energy Signs MOU to Supply Batteries for Bear Robotics of U.S.

LG Energy Signs MOU to Supply Batteries for Bear Robotics of U.S.

SEOUL, Nov. 18 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Monday it has signed an initial pact with U.S.-based Bear Robotics to become its sole supplier of cylindrical batteries. LGES signed a memorandum of understanding with the Silicon Valley-based artificial intelligence autonomous service robot company to supply its [...]