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Automobiles

LG Electronics strikes gold with long bet on EV parts

Components for electrics lift automotive segment to first black ink in 6 years

An LG Electronics infotainment system is shown in this Mercedes-Benz EQS electric vehicle. (Photo courtesy of LG Electronics) 

SEOUL/OSAKA/TOKYO -- The automotive supply arm of LG Electronics has achieved its first operating profit in six years thanks to a surge in orders from electric vehicle manufacturers.

The South Korean company reported Friday that consolidated sales in the April-June quarter jumped 15% on the year to 19.46 trillion won ($14.9 billion). However, group operating profit dipped 12% to 792 billion won.

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