Photo by JUNG YEON-JE/AFP via Getty ImagesLG Electronics, the Korean conglomerate best known for its home appliances, is pushing into the hot field of high-tech vehicles with the acquisition of an Israeli automotive cybersecurity startup. Already one of the largest makers of electric vehicle batteries, LG said it is taking a 64% stake in Tel Aviv-based Cybellum for $140 million. In-vehicle software must incorporate security to minimize the risk of malicious code getting to safety-related systems through a high-tech vehicle’s telematics gateway, notes Abuelsamid. LG will need the contributions of Cybellum, among others, to build vehicles, says Miraj Mainali, Boston-based senior research associate with Lux Research. LG said in August it would exit the smartphone market and focus on high-tech cars, among other fields.

Source: Forbes September 27, 2021 09:56 UTC