SEOUL: One of the world’s leading home-appliance makers is looking to electric vehicles (EVs) to help drive its growth, specifically infotainment systems and components that are used in cars.
South Korea’s LG Electronics Inc aims to generate US$17bil in annual sales from its so-called vehicle solutions business by 2030, accounting for about 20% of total revenue, up from 14% in the first half of 2023, according to chief executive officer William Cho.
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