LG Electronics is exiting the electric vehicle charger business. The company cites ongoing stagnation in global EV demand and ...

Donald Trumps Tariffs have put LG Electronics consumer business under pressure especially in the TV and appliance market, now ...

South Korea’s LG Group has decided to withdraw from a KRW 11 trillion project to establish an EV battery materials supply ...

By Alimat Aliyeva Just three years after entering the electric vehicle (EV) charging business, LG Electronics has annou ...

CATL’s new battery adds 300+ miles in five minutes, highlighting China’s lead in fast-charging tech and growing dominance in ...

LG Electronics said on Tuesday it will exit the electric vehicle (EV) charger business, citing prolonged global demand ...

LG's withdrawal from the "Titan Project" may delay Indonesia's goal of becoming a hub for electric vehicle (EV) batteries, ...

South Korea's LG Energy Solution said Tuesday it had withdrawn from a multibillion-dollar project to build electric batteries in Indonesia, citing a range of issues including the "investment ...

LG Electronics exits the EV charger business due to stagnant demand and competition, reallocating employees to focus on HVAC.

In short, LG is leaving the EV charger market because of weak global demand and tough competition. The company plans to invest in other businesses where it can grow faster and serve customers better.

LG Electronics’ Eco Solution (ES) division is terminating its electric vehicle charging business, the conglomerate announced ...

LG Electronics said Tuesday it will exit the electric vehicle charger business, three years after entering the market, due to ...