LG RECOGNIZED AS 2024 SUPPLIER OF THE YEAR BY GENERAL MOTORS
Rhea-AI Summary
LG Electronics (LGEJY) has been awarded the prestigious 'Creativity Team Award' at General Motors' 33rd annual Supplier of the Year event in Arizona. The recognition highlights LG's excellence in redefining in-vehicle entertainment and connectivity solutions.
The company's partnership with GM dates back to 2006, marking this as their seventh recognition at GM's supplier awards. LG's achievements include three Overdrive Awards (2016, 2022, 2023) and Innovation Awards in 2017 and 2020. Additionally, LG has maintained exceptional performance in parts supply, earning the On-Time Shipping Gold Award for maintaining a 99% success rate from 2022-2024 for GM North America, and the Platinum Award for achieving 100% on-time delivery to GM Korea and Brazil in 2023.
LG joins an elite group of 92 suppliers across 12 countries recognized in GM's 2024 Supplier of the Year list, selected based on performance across safety, innovation, and resilience criteria.
Positive
- None.
Negative
- None.
Company Recognized for Innovation Excellence at GM's 33rd Annual Supplier of the Year Award
"This latest recognition from GM serves as a testament to our commitment to developing and reliably supplying innovative automotive solutions," said Eun Seok-hyun, president of the LG Vehicle Solution Company. "We look forward to strengthening our partnership as we continue to push the boundaries of automotive technology."
GM's Supplier of the Year awards recognizes global suppliers for their execution across key categories like safety, innovation and resilience. A global cross-functional team makes award selections based not only on an organization's performance across 2024, but also their alignment to GM's core values and ambitious goals.
"For more than 30 years, General Motors has recognized the company's top global suppliers at our annual event, spotlighting their innovation and resiliency through even the most challenging circumstances," said Jeff Morrison, global chief procurement officer at GM. "Together, we're helping bring advanced technology and the industry's broadest portfolio of vehicles to market for GM customers."
LG has been a trusted partner to GM since 2006. The company was first recognized at GM's Supplier of the Year Award in 2014 and has now been honored by GM on seven separate occasions. This achievement highlights LG's ability to consistently develop and deliver cutting-edge solutions. In 2016, 2022, and 2023, LG received GM's Overdrive Award, an accolade reserved for suppliers that have made exceptional contributions within the framework of GM's Global Purchasing & Supply Chain operations. Additionally, in 2017 and 2020, LG earned the Innovation Award for its successful efforts to enhance vehicle performance and the customer experience.
In addition to the Supplier of the Year Award, LG earned recognition for its outstanding achievements in customer care & aftersales parts supply, securing the On-Time Shipping (OTS) Award for three consecutive years starting in 2023. From 2022 to 2024, LG consistently maintained an impressive OTS rate of
This year, 92 suppliers across 12 countries made GM's 2024 Supplier of the Year list. For more information, visit news.gm.com.
About LG Electronics Vehicle Solution Company
The LG Vehicle Solution Company (VS) is bringing LG's unique human-centered innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions for software-defined vehicles. Committed to "Driving Better Future Mobility," the company has diversified its portfolio to further strengthen its capabilities. This includes the acquisition of automotive lighting systems provider ZKW Group and vehicle cybersecurity company Cybellum, as well as the establishment of the LG Magna e-Powertrain joint venture. For more news on LG, visit www.LG.com/global/mobility.
About General Motors
General Motors (NYSE:GM) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future. Learn more at GM.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lg-recognized-as-2024-supplier-of-the-year-by-general-motors-302426406.html
SOURCE LG Electronics
FAQ
What award did LG Electronics (LGEJY) receive from General Motors in 2024?
How many times has LGEJY won GM's Supplier of the Year Award since 2006?
What is LGEJY's on-time shipping performance for GM North America from 2022-2024?
How many suppliers were recognized in GM's 2024 Supplier of the Year list?
What special recognition did LGEJY receive for its GM Korea and Brazil operations in 2023?
