LG Electronics aims to double automotive sales to $16bn by 2030

Vehicle components to become core segment alongside appliances, TVs

20230712N LG Elec William Cho

Cho Joo-wan, CEO of LG Electronics, presents the company's long-term plan July 12 at LG's R&D campus in Seoul. (Photo courtesy of LG Electronics)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- LG Electronics targets revenue of 20 trillion won ($15.6 billion) for its automotive components segment in 2030, more than doubling last year's sales, the South Korean company said Wednesday.

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