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LG pivots from phones to cars, taking aim at EV supply chain

South Korean manufacturer draws on appliance R&D for partnership with Canada's Magna

LG forecasts the vehicle components division to turn a profit for the first time in six years in 2021.   © Reuters

SEOUL -- Next month will close one chapter and open another for LG Electronics as the South Korean company ends its money-losing smartphone business and starts an alliance in the fast-growing electric-vehicle supply chain.

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