Through its Vehicle component Solutions business, LG Electronics is a global supplier to the automotive industry and a market leader in the development of automotive connectivity solutions as well as advanced parts for electric vehicles and services, leveraging LG's rich user experiences and technologies acquired from its diverse consumer electronics experience over many decades. Through its Vehicle component Solutions business, LG Electronics is a global supplier to the automotive industry and a market leader in the development of automotive connectivity solutions as well as advanced parts for electric vehicles and services, leveraging LG's rich user experiences and technologies acquired from its diverse consumer electronics experience over many decades. Avanci's independent marketplace has transformed the way companies share technology by licensing intellectual property from many different patent holders in a single transaction, at low, fixed rates, paid once for the lifetime of the vehicle.

By streamlining the technology sharing process, Avanci provides automotive manufacturers with an efficient and transparent way to access the wireless technology needed to bring their products online.