Lotte Innovate (286940.KS) will develop artificial intelligence connected car technology with Incheon and the Korea Automotive Technology Institute.
Lotte Innovate said on the 28th that it signed a memorandum of understanding on AI connected car technology development and the creation of a future mobility hub in Incheon.
The agreement was signed on the 27th at the 2026 Connected Mobility Alliance general meeting, held at Paradise City in Incheon.
The participants will jointly pursue AI connected car technology development projects and plan related research and development tasks.
They also plan to cooperate on fostering the AI connected mobility industry and building an industrial hub in Incheon's Cheongna district.