Three major Korean battery manufacturers are strengthening their global lead in manufacturing batteries for electric vehicles (EV), with their combined orders backlog soaring to 1,000 trillion won ($741 billion).
LG Energy Solution Profit More than Triples in Q2 koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
Posted : 2021-01-23 10:37
Updated : 2021-01-23 20:20
A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters
LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday.
The company announced Wednesday that the future of its mobile communications unit was open to every possibility amid rumors that the company could sell the struggling mobile business. We think LG s announcement means they are going to either shut down or sell, or at least scale back on its mobile business, Cho Chul-hee, an analyst at Korea Investment Securities, said.