
LG Electronics targets $77 bln sales by 2030, holds high hopes for vehicle components
LG Electronics is targeting $77 billion in sales by 2030, with a focus on vehicle components and other growth areas. The company plans to achieve this goal by expanding its product portfolio, investing in research and development, and expanding into new markets.
LG is particularly bullish on the growth of the vehicle components market. The company has been developing a range of components for electric vehicles, including batteries, motors, and inverters. LG believes that this market will grow significantly in the coming years, as more and more automakers transition to electric vehicles.
In addition to vehicle components, LG is also targeting growth in other areas, such as home appliances, TVs, and B2B solutions. The company plans to invest heavily in research and development in these areas, in order to stay ahead of the competition.
LG is also expanding into new markets, such as India and Southeast Asia. The company believes that these markets have significant growth potential, and it is looking to increase its market share in these regions.
If LG can achieve its goals, it will become one of the leading electronics companies in the world. The company has a strong track record of innovation, and it is well-positioned to capitalize on the growth of the global electronics market.
Here are some additional details about LG's plans for 2030:
- The company plans to invest $100 billion in research and development by 2030.
- LG plans to expand its global manufacturing footprint to 60 countries by 2030.
- LG plans to increase its sales of vehicle components to $20 billion by 2030.
LG's goals for 2030 are ambitious, but the company has a strong track record of achieving its goals. If LG can execute on its plans, it will become one of the leading electronics companies in the world