LG Electronics eyes $17b in sales from EV solutions by 2030

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In 50 Words: LG Electronics eyes $17b in sales from EV solutions by 2030

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In 50 Words: LG Electronics eyes $17b in sales from EV solutions by 2030

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LG Electronics plans to generate US$17 billion in sales annually from its vehicle solutions business by 2030, CEO William Cho has revealed. The business will focus on electric vehicles.

The firm is attempting to shift away from its capital-heavy hardware business, which accounted for over half of its sales last year.

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