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LG expanding production capacity of automotive biz ​ By IANS | Published on ​ Tue, Mar 16 2021 20:06 IST | ​ 8 Views LG, Luxoft launch joint venture for automotive solutions. Image Source: IANS News Seoul, March 16 : LG Electronics is aggressively expanding the production capacity of its automotive business, a report showed on Tuesday, as the South Korean tech giant focuses on bolstering its future growth engine. Production capacity of LG s vehicle component solutions (VS) division, which manufactures telematics and audio-video-navigation components, reached 29.57 million units last year, up from 11.72 million units in 2017, according to the company s business report for 2020. The VS unit, established in 2013, has been beefing up its capacity, targeting advanced markets such as North America and Europe, with a focus on in-vehicle infotainment solutions.

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