LG Uplus, the nation's smallest mobile carrier, said Wednesday that it has signed an agreement with U.S.-based electric vehicle (EV) developer Leo Motors to jointly launch systems for EV cars and fishing boats.
Under the agreement, LG Uplus will roll out integrated Internet of Things (IoT) management systems and a billing system for electricity charging while Leo Motors will develop EVs and electric boats with such systems.
"We will successfully establish an IoT-based management system in cooperation with Leo Motors, leading the domestic market for EVs and electric fishing boats powered by IoT in the future," LG Uplus Industrial IoT Business head Kwon Joon-hyuk said in a statement.
The LG Group's telecommunications affiliate said the integrated IoT management system monitors and controls location and drive information, as well as the fuel and safety status of EVs or electric fishing boats, through a long-term evolution (LTE) mobile network in real time. In particular, the system allows operators to check the whereabouts of an electric boat in the sea in order to quickly respond in the event of an accident.
LG Uplus has pushed for the smart grid, EVs and connected car systems tapping into its expertise in the LTE network and IoT technologies. Leo Motors have operated local affiliates to develop the nation's first high-speed EV, electric buses and trucks while expanding to high-speed electric fishing boat development through its other affiliate, Leo Greentier Marines.