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LG Magna e-Powertrain (LG Magna), the joint venture of LG Electronics and Magna International, has achieved a significant milestone by receiving Cyber Security Management System (CSMS) certification from TÜV Rheinland. This certification confirms that LG Magna is fully compliant with vehicle cybersecurity regulations and has implemented a comprehensive security system covering all aspects of component design, development, and management.

Automotive cybersecurity is becoming increasingly important, especially with the upcoming implementation of WP.29 UNECE R155 cybersecurity regulations in July 2024. These regulations will require all vehicles produced by automotive OEMs to meet strict cybersecurity management standards in order to obtain type approval for selling vehicles in 56 countries.

LG Magna is ahead of the curve in preparing for these regulations, setting up a robust cybersecurity framework to meet the growing demand for secure vehicle components. The company has developed a thorough cybersecurity process that is continuously updated and includes identifying security threats, developing response strategies, and implementing risk monitoring systems.

As a respected innovation partner in the automotive industry, LG Magna is well-positioned to provide advanced and secure vehicle components to global automakers. With expertise in electric vehicle powertrains and a strong commitment to cybersecurity, LG Magna is poised to lead the way in ensuring the safety and security of future vehicles.

CEO Cheong Won-suk emphasized the importance of addressing cybersecurity vulnerabilities in vehicle components, stating, “With vehicle cyberattacks on the rise, the demand for robust cybersecurity solutions is growing rapidly. LG Magna is committed to strengthening its systems and processes to meet the evolving needs of the automotive industry.”

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