LS Automotive Technologies Co., Ltd.: Profile and Overview
LS Automotive Technologies Co., Ltd., formerly known as LS Automotive Corp., is a significant player in the automotive technology sector. As a key entity whose information is relevant to understanding the broader landscape of vehicle components and innovations often featured or discussed within various news domains, including those touching upon technology in entertainment or classic cars, this profile provides a concise overview. The company specializes in the development and manufacturing of essential automotive electronic components, contributing to the functionality and safety of modern vehicles. For readers of Shock Naue Entertainment News interested in the technology underpinning the automotive world, understanding companies like LS Automotive Technologies is insightful.
Company Profile
LS Automotive Technologies Co., Ltd. maintains a presence in the automotive industry with its headquarters located in South Korea.
- URL: https://www.lsautomotive.com/en/main.do
- Address: AFC Blg 11F, Simindae-ro 260, Dongan-gu, Anyang-si, Gyeonggi-do, Korea. 14067
Business Overview
The core business of LS Automotive Technologies revolves around the production of a wide array of automotive electronic components. Their offerings include critical parts such as switches, relays, sensors, and body control systems, which are fundamental for the operation of modern vehicles. These components are integral to various vehicle functions, from basic controls to advanced safety and comfort features. Exploring developments and advancements in these areas can provide valuable automotive technology updates for those following the industry.
Shareholders
As of December 31, 2023, the ownership structure of LS Automotive Technologies Co., Ltd. is as follows:
| Major Shareholders | Investment Ratio (%) |
|---|---|
| LSA Holdings Co., Ltd. | 100.0 |
LSA Holdings Co., Ltd. holds complete ownership of the company.
Image: Access latest LS Automotive Technologies exhibition info via free trial
Products
The company offers a diverse portfolio of automotive technology products, categorized by function:
Switch
Includes various types like Power Window Switches (standard and touch type), Console Switches (Multimodal, Front, Rear Armrest Controllers, Luminous Haptic, Concave touch pad type CCP), Interior Switches (Instrument Panel, Multi-Level COOL/HEAT for Seat, CIM, Fingerprint Identification Start Switch), Combination Switches (Multi Function Switch, Steering Roll Connector), and Remote Controlling Switches (Multi-Remote, Haptic & Non-Haptic Steering Wheel, Optical Finger Sliding). Also produces Inhibitor Switches (Contact & Non-Contact) and Button Type Shift By Wire systems.
Lamp
Offers interior and exterior lighting components such as Overhead Console Lamps (LED/BULB, including models with Dash Camera), Vanity Lamps, High Mounted Stop Lamps, and Mood Interior Lamps.
Body Controls System
Develops systems for managing vehicle body functions, including ATAS (Burglar Alarm Siren / UIP), BCM (iBTCM, Smart Junction box/ Junction box), various ECUs (Power Seat Module, Steering column module, Stop Lamp Unit, Power Sliding Door), VESS (Virtual Engine Sound System), and ROA (Rear Occupant Alert) systems.
Sensor
Manufactures a range of sensors critical for vehicle operation and safety, such as Steering Angle Sensors (Torque Only, Torque Angle), Resolvers, Current Transducer Sensors, Rain Sensors, and Yaw & G Sensors/Biometrics ECU.
Power
Provides components for power management, including DC/DC Converters (48V, ISG), HID Ballasts, and Inverters.
Mechatronic Components
Combines mechanical and electronic elements in products like E-Relays, Plug-in Relays, PCB Relays, Ring Shape Terminals, and ABS/ESC Coil Housings.
Image: View LS Automotive Technologies major parts supplier agreements
History
LS Automotive Technologies has a long operational history, marked by key milestones:
| Date | Event |
|---|---|
| Mar. 1973 | The Company was established. |
| Jan. 1974 | The Company launched commercial production of switches. |
| Mar. 1976 | The Company launched commercial production of relays. |
| Apr. 1980 | The Company began manufacturing car audio systems. |
| Nov. 1982 | The Company started commercial production of automotive control units. |
| Jul. 1986 | The Company formed a technical alliance with Niles Co., Ltd. |
| Jun. 1987 | The technical research center was established. |
| Mar. 1988 | The Ansan Plant No.2 became operational. |
| Nov. 1991 | The Company established Qingdao Daesung Electronics Co., Ltd. in China. |
| Oct. 1996 | The Company established Deltech Co., Ltd. |
| Dec. 1996 | The Company acquired ISO9001 certification. |
| Mar. 1997 | The Company signed a technical partnership with Delphi of the U.S. |
| Apr. 1997 | The Company moved its headquarters from Seoul to Ansan. |
| Jun. 1997 | The Company launched commercial production of hands-free systems. |
| Jul. 1997 | The Bussed Electrical Center began commercial production. |
| Nov. 1997 | The Company acquired QS9000 certification. |
| Dec. 1998 | Delphi Automotive System (Holdings) Inc. of the U.S. gained a 45 percent share in the Company. |
| Jun. 2002 | The Company acquired ISO14001 certification. |
| Dec. 2003 | The Company established Delphi Daesung Wuxi Electronics Co., Ltd. in China. |
| Jul. 2004 | The Company acquired ISO/TS16949 certification. |
| Mar. 2003 | The Company established India Daesung Electric Private Ltd. in India. |
| Nov. 2008 | The Company made Qingdao Daesung Electronics Co., Ltd. its wholly owned subsidiary. |
| Nov. 2008 | The Company established Delphi Electrical Centers (Shanghai) Co., Ltd. in China by investing 40.0 percent of the needed capital. |
| Dec. 2008 | LS Mtron Ltd. of Korea acquired 50.5 percent shares of the Company’s stock. The Company thereby became a subsidiary of LS Mtron. |
| Apr. 2009 | The Company acquired the remaining shares in Delphi Daesung Wuxi Electronics Co., Ltd. in China, making it into its wholly owned subsidiary. The Chinese facility thereby adopted a new corporate name, Wuxi Daesung Electronics Co., Ltd. |
| Dec. 2010 | The Company divested all 40.0 percent shares of Delphi Electrical Centers (Shanghai) Co., Ltd. |
| Jan. 2011 | LS Mtron Ltd. acquired a 49.5 percent equity stake in the Company from Delphi of the U.S., making the Company its wholly owned subsidiary. |
| Mar. 2012 | Established Daesung Electric Japan Ltd. |
| Dec. 2012 | Obtained ASPICE CL 2 certification. |
| Jun. 2016 | Obtained ISO 27001 (Information security management systems) certification. |
| Oct. 2016 | Changed corporate name to LS Automotive Co., Ltd. from Daesung Electric Co., Ltd. |
| Nov. 2016 | Established LS Automotive Mexico S.A de C.V., a production plant in Mexico. |
| Aug. 2017 | Transferred the automotive parts business to LS Automotive Technology Co., Ltd., a subsidiary. |
| Jan. 2018 | The Company acquired 100 percent equity stake in LS Automotive Technologies Wuxi Corp. |
| Feb. 2018 | The Company gained the automotive parts business from Sindaesung Electric Co., Ltd. (Formerly LS Automotive Co., Ltd.) The Company acquired 100 percent equity stake in LS Automotive Qingdao Corp. The Company acquired 100 percent equity stake in LS AUTOMOTIVE INDIA PRIVATE LIMITED. |
| Apr. 2019 | The Company established LS AUTOMOTIVE MEXICO S.A. DE C.V. |
Note: A figure in brackets ( ) indicates a loss.
Conclusion
In summary, LS Automotive Technologies Co., Ltd. is a well-established manufacturer of vital electronic components for the automotive industry. From its origins in 1973 as Daesung Electric, the company has evolved, expanded globally, and diversified its product offerings to meet the demands of modern vehicles. Wholly owned by LSA Holdings Co., Ltd., LS Automotive Technologies continues to play a role in the supply chain for automotive technology, alongside other industry players, including those focusing on neusoft reach automotive technology or the broader automotive engine technologies market. For those seeking more detailed financial performance or historical exhibit information from ls automotive technologies, supplemental resources are available.
References
- >>>Business Report FY ended Dec. 31, 2020
- >>>Business Report FY ended Dec. 31, 2021
- >>>Business Report FY ended Dec. 31, 2022
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