The company expects the long -term loss of demand in the electric car market, so it considers it important to leave it in a timely manner.
Korean Company LG Electronics Inc. He announced the exit from the business of making charging stations for electric vehicles. The company expects the long -term loss of demand in the global electric vehicle market, Ihome reports.
The LG subsidiary, which is engaged in charger making, – Hiev Charger will be removed. The employees involved in this business will be redistributed to other LG electronics units. The company also pledged to continue the service of existing customers without interruptions.
The decision to get out of business is associated with a change in the priorities of LG electronics – the company will focus on developing heat, ventilation and air conditioning systems.
The LG began developing in the field of charging stations in 2018 and obtained the HIEV charger (after the Applemango) in 2022.
We will remind you, earlier it was reported that LG and Samsung went up to India.
South Korean companies are preparing to continue business in the Russian Federation – Media
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Source: korrespondent

I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.